He also charged for inheriting two current leases from the previous owner, but at a lower fee.From what I understand, this is normal. 

I'm normally not a big reader, but I've gotten hooked on these real estate books.

If the percent they will lens is greater than the purchase price then you normally can.

Even for rehab-and-hold, using the LLC simply complicates the picture relative to doing it as sole proprietor.I trust anyone reading this does so with all the normal caveats about everyone's situation being unique and blah blah blah.

The reason is lots of investors try all kinds of wacky things to get a deal closed versus the more traditional real estate of buying and selling residential homes in a normal home seller / home buyer capacity. 

They are very nice and normal everyday people.

That's just not normal, nor is it sustainable.

After running into many road blocks due to the 25% banks would normally require for a down payment and the two year landlord experience requirement plus the 6 month reserves I needed I was convinced that this normal path of obtaining a mortgage was not the way to accomplish my goal.

I stained them myself the total cost came under $1.00 per square foot and all you need is warm soapy water to clean.

Have the security deposit transfer to you at closing like normal.