If someone gives you an opinion, always understand the position they are coming from, that will help you clarify and better interpret that opinion. 

I recently worked with Jynell on a very complicated purchase of a property in Indy which included issues spanning many years with (i) the Department of Code Enforcement, (ii) the Zoning Department, and (iii) an open legal case against the previous owner with the City Attorney.With her contacts in those departments & her experience with real estate ordinances/laws in Indianapolis, she was able to seamlessly work across those different agencies, and importantly, interpret & translate what their true issues and concerns were.I was able to successfully close on this purchase, and it was in large part due to Jynell's assistance.If you should have any legal questions/issues pertaining to real estate in Indianapolis ( or Indiana in general), I would highly recommend Jynell!  

It seems a little pricey so I was curious to see if other people had that same interpretation. 2) What are the best ways to estimate rehab cost if you have no experience in that field.

Victoria - there are several interpretations of flipping.

Of course it depends a lot on the state laws and the judge’s interpretation.

Knowing how things are interpreted by your local judge/magistrate is HUGE.

It's quite possible a judge would disagree with that interpretation...I have no idea...By the way, as an optionee in an option contract, you do not have an equitable interest in the property.

Every wholesaler will say you don't.The law in Ohio is a grey area, it is open to interpretation.  

Your "shall execute...according to the following terms"....your terms are incomplete and would be subject to interpretation, negotiation of missing details, etc. which may make it unenforceable.  

Good title companies interpret contracts, they don't prepare them.