What budget do you have Daniel?

FUN FACT: Most major stock market crashes happen in March and October (October due to EOY budget planning...and folks get fired). (1929, 1987, 2001, 2008, 2018 (correction), Mar 2020). 

And finally, to legal action.I know every project has a budget and many are tight, but I have found through doing many many rehabs, that the only contractors I am willing to work with are those that will operate on a 20-35% deposit for materials and remainder on completion and inspections passed. 

We will write out a scope of work together and agree upon a budget.

This increases my cashflow from 400/mo to 1200-1400/mo still budgeted all expenses.

I think that if you have the hustle and marketing budget necessary to succeed at wholesaling, you could probably dominate as an agent.

If you are rehabbing and then refinancing to hold the property its two transactions.Rehab portion:PurchaseDown paymentRehab budget, including holding costs and interest reservesClosing costsARVRefinance:NOI (Annual Net Operating Income)Annual Debt ServiceKPI'sCOCROI

The temptation is to budget to little on big projects like this and then be left with little or no equity after a very long project.

in my first conversation with him he suggested mentally budgeting 9% of the sale price for commissions and other costs from the seller side? 

Next time you need a really solid realtor, interior designer, contractor etc who can help you design and not go over budget.