I am a flipper and noticed most of the new wholesalers have difficulty in estimating rehab cost.

I want to say screw it and continue do it all myself, but as you all know time is limited and having an extra hand is necessary. 

Sometimes (as an example) you will say, "I will deed the property back to you for $5,000" and the taxpayer will say, "I'm not going to pay you $5,000, I happen to know I can redeem for what you paid the state plus a little extra interest." 

I need to make sure that, as I fix up each unit,  I do it fast because I will need the extra money in rent to help with the new, higher, payment on the HELOC. 

House appraised for $125,000 and I put about 20K into repairs, upgrades, appliances, etc. 18 months later I have been paying $300.00 extra a month towards principal and I now own $56,000 on the loan.

If you have miscalculated it and need extra rent for the numbers to work, you will be stuck in a year if you are not able to find a tenant whom will pay the rent that you are calculating now.

You definitely don't want to get a property and then have to hold it for an extra few months because you can't find reliable contractors to work on it. 

So basically to conclude I'll say that I feel as if he is trying to get me to pay for stuff I didn't ask for such as the extra labor and materials for flooring when the contract had material and labor included already.

It also looks kind of hacked up after adding in everything extra that I wanted to include.I've decided its time to have someone write me a lease.I thought about purchasing the landlord forms from biggerpockets, but then I read that they come in pdf files, so it sounds like they won't work for me, because I might want to make changes to the lease in the future.All of the other sites with leases that I've found won't actually give you an editable file for the lease, they just tell you to go on their website and fill out a questionnaire, and then they generate you a lease.

I do not think this is true... there is a common believe that you should establish an LLC to invest - and then you open a business checking account for your LLC.. other then that - the LLC has no TAX benefits... it is used mainly as an extra layer of protection between yourself and the property..3. for loans - nothing lower then 40% that is correct, however - you should buy first properties CASH, file income tax every year - and that will start your credibility in the US.. fell free to reach for any questions:-)4. correct in most casesGood luck!!