Although, I'd reiterate that a half point is nothing to sneeze at, especially when that means extra dough in your pockets each month.

I pay my attorney that to sneeze me out a contract for an hour, why can't I see what an "expert" has to say for a few days and have that type of access?

Not enough to fully demonstrate your intent maybe but income in two consecutive years isn't something to sneeze at = if you've been renting. 

Not a home run, but nothing to sneeze at.

If there is barely enough capital to cover closing costs, you are one sneeze away from pneumonia (vacant month, unexpected repair, bad debt, move out, etc.).

(you live in LA, you know that if you sneeze wrong you have a lawsuit attached to you lol) I know that there are other advantages to an LLC for flips like not being seen as a dealer through the IRS eyes.  

You need to know the rent rates, vacancy rates, cap rates, utility costs etc.... if your market sneezes you should know.  

The fines are not something to sneeze over, and with Oahu's housing "crisis" I think it will get worse before it gets better.Like I said initially -- be comfortable with the risk/reward tradeoff if you are considering this strategy.

In this day and age of I will sue you if you sneeze in my direction how would you answer open ended question. 

It is crazy. 12 years ago, I could sneeze and get a loan.