https://www.biggerpockets.com/..Personally I'd also suggest looking for a single family home that is essentially duplexed (even if not formally). 

Essentially it would work something like this…1) My LLC purchases the property 2) He will only charge me COST on the labor and materials (no profit or markups) which will save me around 30% on regular contract figure he gives me in my market which is very expensive 3) He will also make 300k of his own liquidity available to inject into the deal (I will put some of my own cash in and get a HML loan for the rest).

its just that much more paperwork and legwork to open and close accounts per project. 

Is this a new York state specific thing, or did they fill out my paperwork wrong?

Essentially, I have about $300,000 of borrowed money to turbo charge my portfolio, but I must admit, I am nervous as heck.

Bring your numbers and paperwork with you.

Proceeding without consulting an SEC attorney puts you and your entire deal at risk.Your typical real estate attorney will have no clue on how to file the appropriate paperwork that will keep you out of trouble.

I think it was about $800 and they took care of the funds / payments and paperwork so it was worth it.

- started at 350k, recently went to 320k, now at 299k…Essentially, if the house was located anywhere else, it would not be attractive.

Essentially you state the issue at hand and give them 14 days to resolve the issue or 30 days to vacate the premises.