I immediately cancelled the card and had him return what he bought- which after pressing him for the receipts it was clear they were not job related charges. 

Press on!

You can do this, if your mind is in this.Forget what is behind you, press on towards the mark!

I would be hard-pressed to move forward on the deal without a structural engineer's report and credit.

When I pressed them on what is the downside to ask the bank's blessing for the LLC transfer, they gave evasive answers and repeated that "they wouldn't look back on a closed clean title".Closing as an LLC in the first place would require higher rates and down payment, and of course I want to pay residential rates and lower down payment.

Assuming you are not looking to flip mobile homes, you will be hard pressed to find a flip property to buy in that range.

The only ones that are successful their first year are the ones that work long, hard hours pressing palms, kissing babies, driving all over God's green earth, answering phone calls at 11:30pm, writing emails at 4am, and generally working like their life depended on it.

But I think you'll be hard pressed to have positive monthly cash-flow with new(er) construction Townhouses in Durham bought at full market price - because there is no "problem" that you're fixing.

I was pressed to go ahead, since it was the tail ending of July.

@Luis Melendez if your are doing a cash out in the name of your LLC you are going to be hard pressed to find a portfolio lender with that flexibility to be below 5%... if you do... please let me know.