He determined the price and terms for the property, and according to the agents involved, he consulted with accountants and attorneys before signing the contract.

The designer talked about has a completely different account then the designers I usually recommend, and I would have had red flags to begin with.

@Andrew Watson I have a similar setup - One series LLC to One bank account.

Based on the excessive amount of hours spent and the lack of prior authorization as agreed upon and taking into account our prior communications regarding minimum acceptable owner distributions, I must insist at least the labor portion of the repairs be refunded.

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

Account Closed 100% they are

I can "cash flow" more from my stocks/index funds and high yield savings account with far less stress. 

It will cut down on the fake accounts created to promote certain individuals, markets etc.

I'm an accountant by trade.

That's aside from a renter placement fee (from a property manager or real estate broker), so with that into account, it could be about $3000 into the red on year one of a rental lease.