Hopefully, they know what they are doing and advise you to kill the deal, but continue to negotiate.This can be done with a simple counter-offer asking for more Due Diligence time.

I now have close to 20 LLCs It is a nightmare, expensive, complex, and an accounting disaster. there is a lot to be said for keeping it simple. 

This could be as simple as a bad faucet.

These questions are simple.

I will give you the simple answer - you are unlikely to cash flow whatsoever on a turnkey property in Huntsville or Madison right now unless it is in a C/D neighborhood, and/or you plan on putting more than 30% down.  

I did not take away from it the host should be a newbie, but I agree, the host should not be a newbie in real estate.What we found actually works best is when you have a newbie with an experienced person so the information can go deep but also be broken down in a simple way to explain things.  

New to real estate and hoping for a simple way to track.

Closing costs vary but are usually at least a few grand in addition to the origination fee which tends to vary between 1-3% of the loan amount.We have a simple yet detailed fix and flip calculator (cash flow tool) that clearly accounts for all of the relevant costs and gives you a sense of net profit, ROI and total cost associated with each project.

It could be something as simple as someone left a hidden faucet open somewhere, or it could be a cracked pipe, or a leaky toilet valve, or an open water heater drain valve, or...you get the idea.

We use baselane, so is there a simple process with accounting software that would make this easy?