Newbies create a lot of different issues, however.You are probably not going to be able to use Fannie Mae as a contingency.

Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

The rehab expenses don't line up but they are not stealing, I would suggest having a zoom call or sit down with their PM or account manager to see what is not lining up and where you see issues compared to what they have on their sheet. 

If that's your only issue, then you should be OK. 

If it has a good review history, there probably isn't any issues with the place.

He makes sure we maximize all deductions and have no issues.

The issue I had was that most lenders required a certain number of completed flips done under a LLC.

You will probably run into some issues and need to budget for that.You budgeted 5k for unforeseen expenses on a 4000sft home.

One issue that I'm noticing is the range of reported insurance costs.

We consistently produce over $70k in net income and I distribute this to support my family.Long-Distance REI: I am looking to invest in long-distance cash-flowing SFH in growing C-Class neighborhoods.