The seller might have the best of intentions to living up to their end of the agreement but life throws unexpected curve balls.I would read your contract and see as mentioned what closing possession the seller has agreed to.If they want to change that agreement it is up to you to accept or not accept it but the sellers do not get a free ride for that and proper arrangements have to be made.Your agent you have to watch some of them.

The original intention was to protect consumers from open ended contracts, such as T&M, and stated that the consumer had a right to know what the total cost of a project would be before any work began.

Of course,  your intention is probably to max them out or come close to it by using them for your deals, so, as long as you pay them down quickly I don't believe it would have any long-term effect to use them as much as you need to for deals.

I went to him with the intent of creating an LLC so that I can get cracking.

If you account for higher insurance and factor in and extra 4-5% vacancy, you're probably right around 37-40%...which is pretty close if you intent to manage the property yourself.I'm by no means an expert on property in California and my experience in Ohio may not be relevant.

I joined BP very early and it has been the smartest decision I made as a newbie.I am an ex-GC and I had no intention of going into business in that capacity again.

We have intentionally allowed realtors who show up at the house to look at it but have not allowed them to bring clients until we are closer to completion. 

It is a vacant home policy and I am very clear and upfront with the agent as to my intentions for the property. i.e. she knows it is a flip and I have to tell her the types of updates that will be made to the house. 

., that's our intention, to take the chimney down to below the roof line and patch the roof- either with a small metal vent pipe (and existing water heaters), or no pipe at all (and replace the water heaters).

I am not getting the loan as owner occupant, lender is well aware of my intentions.