The truth is though they bear very little blame for what they are doing.  

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!!

Im always looking for opportunities to add value (whether its a bedroom, bathroom, living space, etc.) in order to essentially create deals that other investors may have overlooked.The add-on created an additional 200 sf in which the appraiser valued at $100/sf giving me an extra $20,000 in value.

This acts an extra safety net as the bank has to vet the deal just as much as you do. 

So if you buy it at $124 sqf. and you're rehab costs you $20 per square foot then you'd be at $580,000, plus extra fees (commissions, closing costs, mortgage, etc. etc.)