@Tom Kairys, one thing newbies miss is that it is much harder to get financing in the name of your entity vs. your personal name.You can get an umbrella liability policy and buy in your personal name, or buy in your personal name and then transfer to your LLC (risk the due on sale clause).All of these options have been extensively discussed on the forums and accessible via a few searches.

We were concerned with this all along and the reason we switched to this lender was because he said he could work around it because she became a teacher through a program which offers her a minimum salary and that he would use that.The seller didn’t want to give us an extension or do a lease to own at first, but his lawyer talked him into a 60 day extension.

I have got the bid on the property with the repairs required, but wanted to check in this forums on how to select the contractor based on the bids, Is it purely based on Price , or ReferralsThis would be the first time i would be working with them @Kyle Gray Thank you for the extensive reply , how do i get involved in the selection of items as the contractor is going to do the selection for us on whats required based on the bid submitted, Please let me know how i can get involved in the selectionThank you @J Scott@James Wise  i will check with some GCsThank you all 

Term extensions free of charge, and we have no loan to value limitations. 450 Skokie Blvd., Bldg. 600, Northbrook, IL, 60062

I have an extensive background and education in design.

Buyers did all they could to follow escrow schedule while selling agent did not perform as outlined in escrow schedule (selling agent/seller chose escrow company).Selling agent requested us to remove loan contingency, while buyers submitted a notice to perform to seller to deliver the all the signed lease agreements as well as a 1 week extension on closing date for loan (loan officer and buyer's agent have strong relationship and in my understanding, had to work really hard to get through all the hurdles so far).Can I get your thoughts on the situation, potential scenarios, and how the buyer can successfully purchase the home?

That I have discussed extensively here.

We paid $48k, did an extensive rehab, and put a tenant in it.

The financing took a bit longer than usual so the wholesaler agreed to extend the contract so I signed an extension with him last week.

I did  extensive research, contacting multiple construction companies, estimating materials + labor.