They should move much faster in making decisions than they used to as the CFPB now requires 30 day decision time frames or they are out of compliance with the regulations.

bill, the back door was installed incorrectly, I cleaned, I painted, and all I hear are excuses and how I'm responsible.

You may want to have someone with access to the MLS pull comps and get you an actual somwhat reliable value estimate than make critical investment decisions based on what zillow says.

If you are reckless or dishonest with your decisions, a good attorney will attempt to hold you personally liable.  

Obviously you wouldn't be able to get accurate market analysis to make comparisons, especially if the samples are completely fictitious, but some general reference points should be enough to make an educated decision on whether a deal is feasible or not. 

Congratulations on your decision to jump into the investment side.  

I never recommend making a decision based on the tax deductions.

You can file for an LLC by yourself for about $100 most places and you can't do it incorrectly.  

If the house is only worth $140 when it is done, no one that know what they are doing will buy it for $110K.Comps from $140 - $178 is not a good enough to make a buying decision.

I did it in response to this initiative:Bank Transfer DayIt's one of the best decisions I ever made, in my opinion.