You are incorrect about this.

@Heath DonnaldWhat you did is incorrect and a little bit messy.The owner of the property(whoever is on title - you or you and your spouse) should be making the payments for materials/rehab/etc.Your purpose for creating the LLC was liability protection - you should consult with your attorney but you likely didn't take the proper steps to get the liability protection afforded by the creation of the LLC

Partly correct, partly incorrect.

Best, and most commonly resolved (negotiated) in an Inspection Resolution process that seeks to amend the default as-is purchase agreement (contract), it is incorrect to conflate the two, as was alluded to in the article's conclusion.

@Art Maydan Because you made sweeping and incorrect generalizations on a forum that is still active and I am just now seeing them?  

Based on gross income (actual rent), vacancy is already factored in, correct?

The first being that the property tax information entered into MLS was incorrect, the true taxes were double what was reported.

Thanks @Ebony King for bringing this to my attention.Bryan, you are incorrect regarding the law.

Please let me know if you feel this notion is incorrect or if you feel that number is much higher/lower.My questions are mostly in regards to the industry in general as it pertains to the way properties trade hands and the players involved. 

There is no gigantic correction coming of the price is not fundamentally incorrect.