@Steven Myers  You are correct sir, aviation is a fickle mistress. 

One additional thought: a disregarded LLC might work for you if structured correctly.

We are looking to wholesale outside of our chosen market to help build capital for projects within our chosen market (Louisiana) as I have potential deals in other markets and am not confident in how to proceed with them contractually, (don't want to be stuck with a bill I can't handle currently and also want to ensure I'm operating correctly).

OK so your agent did send the mutual release and return of EM to the Title company requesting they forward to the seller.. is that correct ?? 

Have 2-3 contractors look at the job and get written estimates on what it's going to take to finish the job, correct the mistakes, pass occupancy certification etc. use those estimates in your countersuit / mediation process. 4.

Thank you to @Bernard Reisz for correcting me (again). 

Does anyone use another method of goal setting or periodic review method?

Calling this cash flow is correct, but also causes confusion when you shift to a tax discussion.

In our trade, I would not expect any owner or GC to get this correct since our industry is extremely specialized.

If you didn't budget your rehab correctly, and don't have access to more money, you will be stuck (this is also true if you buy with cash without any excess money).