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.

I am still a newbie to the wholesale game and was wondering what the steps would be to wholesale a burned down house.

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.) 

for new construction development extra.. it makes a HUGE difference I can tell you.. and I had 30 million out with them that I used to loan to flippers and I made the delta.. that was in my HML company and that was 5 different banks all same facilities.. 

It's not necessarily that you get a rent premium for having the extra bedrooms.

The loan officer said that if I pay it down using that extra $187, it'll shave about 7 years off of my homes mortgage.