Appraisal is done prior to loan approval so if AR value doesn't look good then walk away.

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You should be able to connect with some wholesalers in that area which can help you.I'm certainly not opposed to buying on the SC side, really just using Charlotte as the location to invest around as its where I have some family outside of NY and seems to be growing (and cheap enough to afford a few SFH).Great advice with the REIA -- I wasn't even familiar with them prior to you mentioning that.

I had even ordered The Book on Estimating Rehab Costs @J Scott prior to this project but had not read it yet (SMH).

The second pillar is a good insurance policy as that cover the majority of your exposure.

It's NJ...I would start by checking out the local assessment policy.

I don't know what your policy allows. 

Regarding taxes, you will be taxed on the gain of the property (sales price + closing costs minus your cost basis [purchase + rehab prior to putting property in service + some closing costs] as well as pay the depreciation recapture tax.

They all have their own definitions.As for the logistics of actually doing a loan from your LLC, you'll have to QCD or quit claim deed that home into your name prior to ordering loan your loan docs.

@Tom MickleySince you been preparing your tax return yourself, you will want your accountant to first review your prior year tax returns to make sure that they were prepared correctly.They could have been prepared correctly or also incorrectly.Regarding how the accountant will be paid - is it depends.