Quote from @Jake Andronico: @Alex HallCan you not assume the loan? 

Never Assume anything. 

You would assume that sellers know that they should optimize NOI before listing, but most don't and STILL want you to pay a price based on what NOI could be.

I assume their realtor knows they wouldn’t and therefore isn’t going to bother submitting your offer.

Based on your question, I'm assuming you're looking to flip this property rather than rent it out, is that accurate?

I'm assuming it's at least $500.

However, a simple security system would deter this.Personal Safety -  I assume you are using their ID to run a background check and deciding if their history affects your safety, correct?

This is a "me" assumption: I assuming that I made a mistake somewhere in my analysis, so please feel free to show me. :) I learn a lot more from my mistakes than what I (very occasionally) get right on the first pass.

If I use a RMLO service I assume they cover the Dodd Frank and other consumer rules?

Also, I’m pretty new to this but I’m assuming you’d have to have an LLC in place to accept hard money or money from private lenders?