Legitimate lenders may charge a small application fee (around $250) to verify you’re serious, but if someone’s asking for thousands with no real intention of closing, that’s a huge red flag.On a more positive note, there are creative financing approaches out there.

Mortgages are all below 4.5% - no intention of changing those.

My intent was to move within a year and rent it out, but we have been having unforeseen expensive issues that I am looking to get advice on.1) HVAC: Our biggest issue.

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

It seems as if they intentionally made the breakdown of the payouts difficult to understand.

I have ZERO intention of making any payments on these contracts, nor do I want the equipment.

Intent is to get the foundation blessed off by a Civil Engineer and save about $15K in foundation costs as the original design was for a 3400 sf house.

The fact they ask you to do this is not only a red flag for obvious reasons, but also because, they should know better how risky this is for you and if they had true good intentions they would have understood that and not offer you that option.What you can do is tell them..

Compliance costs can really make it though for a startup if you don't intent to explode.

To intentionally reduce the leverage more than required is a foreign concept to me especially in the San Diego market.