Currently I'm pressing my real estate agent to get a receipt for the $200 repair, but the seller's agent has been extremely slow to respond and seemingly not to care about this closing.  

The scale of these deals is intimidating, but the feedback and info here on BP is really helping me press on!

(Loan held by the bank and not resold)  They are technically commercial loans against residential property.Alternatively seek private money lenders or, if more pressed, a hard money lender. 

For stock sizes, I think you will be hard pressed to beat the big box stores.

One thing that I have learned is to press your foot down around the base of the toilet, bathtub, or anywhere where water could leak out to feel for spongy or soggy subfloor.

To Kevin- there are MANY parts of Baton Rouge and South LA that have never flooded.As far as natural disasters go, you’ll be hard pressed to find an area in the US that isn’t affected by SOME kind of natural disaster every now and then (hurricanes, flooding, tornados, forest fires, earthquakes, blizzards, dust storms, etc).

This is definitely a bummer, but I'm pressing on.

Other than Kansas City, you'll be hard pressed to find a market that cash flows well and has strong economic and demographic trends like Indy.

Even he will admit that "wholesale" is just a word and that if you expect 70% of ARV minus repairs you will be hard pressed to get that via a wholesaler.I am not saying they deals arent' out there, they certainly are and I wish you the best of luck in finding them.

If you are so pressed about getting the benefits of a LLC, look into just getting an umbrella policy on your rentals instead.