The property is livable, but I am account for a pretty significant turn in 4 - 7 years of paint, flooring, and any miscellaneous repairs that the inspector could have missed since it was occupied.

The new standards are yet to shake out I think and it probably does cause some indigestion for investors and agents both. 

My client bought a 22 unit building and used this strategy and walked out of closing with a check for $800k to perform the rest of the renovations, paid himself back his already expended rehab costs and his entire down payment.  

My partner and I are in our 40's looking to acquire multi-family properties out of state for cashflow.   

Apparantly that didn't work out for them either as they sold all their properties a couple of months later.

Why do their deals need capital infused, and are those reasons due to poor management or things that were truly out of their control and/or could not have been foreseen at acquisition?

Hi, has anyone applied for a business line of credit with American Express? 

I could envision them refusing to disburse funds until the LLC is reinstated.There may be a way to transfer ownership of the account, but it is probably just easier to move the money.

I'm with @Huong Luu but would add join a local REIA and find some PMLs they are always hanging out at meetings.

Hello, my name is Trevor and I’ve recently took in the interest of wholesaling properties, I have never networked before so I’d like to make friends and potential clients in which we can both help eachother out some.