Are you doing fix n flips, real estate development projects, or both?

With fix n flip loans, debt and income is not a factor.

From what it seems you are saving capital to purchase your first flip wholesaling, is the best way to me because that's exactly what am doing building a brand and capital to fix n flip also, buy and hold.   

Looking for recommendations on books to learn more about the ins-n-outs of LLCs and their best uses?

But my point is that his employee (the inspector) should not have guaranteed to me that he can fix it for some specific amount, it feels almost like a bait n switch because now I have the house and have to pay the full amount.

@Melonie Dickson, sorry, it's N-A-Y. 

@Jay N. , If you take the money out of the equity line of credit ( it is not called HELOC if it is not your home), there are few treatments. 1) If you invest the money taken out in the investment or other business, the interest is deductible in that business activity, not at you rental activity. 

Originally posted by @Roy N.

Most banks generally don't have the fix n flip type programs that would be needed to do these kinds of projects.

Due from Seller at Closing$3,536.49 01 Excess Deposit02 Closing Costs Paid at Closing (J) $3,536.49 03Existing Loan(s) Assumed or Taken Subject to 04Payoff of First Mortgage Loan to 05Payoff of 2nd Mortgage Loan to 06 07 08 Seller Credit 09 10 11 12 13 Adjustments for Items Unpaid by Seller 14 City/Town Taxes 15 County Taxes 16 Assessments 17 18 19 CALCULATIONTotal Due to Seller at Closing (M)$46,304.86 Total Due from Seller at Closing (N)-$3,536.49 Cash From x To Seller $42,768.37