They have to go overkill crazy like this in order to cover their butts.....Once again, this advice is worth exactly what you paid for it.....

I'm not even sure what I did that needed to be paid for.

Paid $140k(few grand over the 70% rule), quoted $150k to complete the rehab. 

Warranties often have limitations, like they might not cover pre-existing issues, and there could be delays if they require you to use their contractors.I'm not sure if you've purchased a warranty already, but before purchasing a warranty, it’s a good idea to carefully read the fine print to see what’s covered and if there are any exclusions.

I have invested 7 times. 5 of 7 are not paying out and have not paid out and now asking for more capital. they have no idea what they are doing. they are over their heads.

-Max LTARV is typically 75% -Is a 12-24 Month Interest-only loan with a balloon payment - Minimum credit score is typically 600 -Interest on the Rehab is usually paid per the total drawn amount. 

The 1st position loan is paid off but has a second position heloc on the home with 50k balance.

Have you been pre-approved or are you paying cash?

I am contacting homeowners on the pre foreclosure list, getting contracts.

For a conventional loan, you can borrow UP to what you paid for the property plus closing costs OR 75% of the appraised value which ever is less.