Seems excessive.

BUT I reminded them we had rodent screening & sealing would cause mold & moisture issues.

Any advice from the Forum on how to find a Lender that doesn't charge excessive fees?

You can mitigate that by having the GP in the LLP be another entity, but now you have two entities to pay for and maintain, all for one small rental property.The LLP seems excessive to me, in terms of both cost and complexity, and if you and your sister are "equal partners" on this property, both expected to contribute to the property financially and operationally, then the LLP with its GP-LP distinction seems particularly ill-suited for your situation.I'm not an attorney, and you should absolutely consult one, but from what you've described, in my (non-attorney) opinion, a multi-member LLC with you and your sister, which elects to be taxed as a partnership, seems like it would be the best fit.YMMV, consult a legal and/or tax professional, etc

What wholesalers need to come to grips with is they should set up money to actually close on the deals  and factor that into their costs then resell.. this assures you success.. other wise you get this situation and all this bad juju going around.. you have the seller pissed because you lied to them ( or they think you did) and the buyer he is happy he got it for 4k cheaper and could care less about the wholesaler and the wholesaler is out time and what ever money they spent on marketing.. when this wholesaler could have set up transactional funding for a modest fee.. done it the right way and off you go.Allthough I understand many wholesalers cannot come into title because of excess baggage in their names.. but they could set up an LLC to do this.

The person I spoke to recommended a .95 pad with moisture barrier on both sides of the pad.  

It just disheartening that the HML expresses disdain for the wholesalers transparency on assignment fees and the excessive margin on the deal. 

Unless there are some unusual circumstances surrounding your property or your current mortgage, that timeline is a little excessive.

I have passed many of these properties up because of the smell, the cost of cleaning walls and cabinetry and the damage that has occurred because of this.Does anyone have any recommendations as to something that can be added to a leases rules and regulations regarding the excessive use of oils and grease (what would be considered excessive in one group of people wouldn't necessarily be called excessive in another group/race)?  

If the winning bid at auction exceeds Main Street Bank's opening bid, let’s say for example the winning bid is $26,000, does that mean….A)  The excess $3,000 (above what Main Street bank are owed) will go towards paying the reverse mortgage and the winning bidder will ALSO need to pay the outstanding balance of the reverse mortgage to get clear title, i.e. $197,000ORB) The excess $3,000 will go towards paying the reverse mortgage and the winning bidder will NOT need to pay the outstanding balance of the reverse mortgage to get clear title – and the reverse mortgage lien is simply removed/detached from the property, because it’s FHA backed.3) UNITED STATES OF AMERICA is listed as a defendant in the case.