They should be able to refer you a lender that can walk you through ways to limit your cash to close.For your specific questions, an FHA loan is probably going to be your best bet.

@Jaryn PiersonSince you are basically paying for it, you should ask if you can take it over to manageAlso, as Russell mentioned they are probably waiting for the appraisal to come back as if this system costs $50k, you still gonna buy the house as the price will go up by $50k and it may not appraise.They way I would have written this contract is the buyer will perform a septic design and budget and if the seller were to cancel the sale then they will pay for the engineering design and receive design.If you bailed then it’s on you and you could ask them to buy the design from you for future sellers or see if they would pay for it.I am very skeptical this deal will go through way it is written.

I will also tell you that proclaiming "Im an investor" when you are early in the game will only chase away the real pros, or leave you jumping through way more hoops than need be.

There are pockets of Detroit that are receiving funding to develop connection throughways into downtown. 

I was pondering through ways to approach various leads I have received through Direct Mail campaign and figured I would throw a few questions out to BP for experienced lenders to give their take on.

Now there’s more contained in this last statement than you might think so step back, take a break and think through ways people acquire title to real estate.

I will look through ways of doing a lower down payment.

I've been thinking through ways to help beef up my cash reserves to purchase my 1st flip, and have been seriously considering opening a HELOC.

I've been thinking through ways to help beef up my cash reserves to purchase my 1st flip, and have been seriously considering opening a HELOC.

I've been thinking through ways to help beef up my cash reserves to purchase my 1st flip, and have been seriously considering opening a HELOC.