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Their forte is setting up these LLCs and charging for their services.You can probably set up the LLC more cost effectively yourself, using your own attorney if needed.  

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hey guys i found this very motivated seller hes looking to sell me his two bedroom two bath family home for 15k$  He originally bought the proporty 4 years ago for 32k$ cash and has put 12k$ into the property the problem is ive just recently become serious about paying off personal debts and its effecting my credit the banks wont lend me a line of credit for 20k$ (5k$ incase of repairs)  and morgages are 25k$+. what should i do?

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Once you have rehabbed it (cost effectively) and rented it out for say six months, a NEW appraisal should come in at least 40% more than you owe on it, which means that your Lender should approve a cash-out of 20-25% of it's new value ie. enough for a DEPOSIT on your next property purchase (and so on)...Others may have a clearer or more correct explanation.

My question is; How does living in the flip effect the tax end of this?