I'm looking to start wholesaling to gain some experience and extra cash at the same time.

I'm looking at a house that could be flipped and held.I'd also like to have the extra acreage it has and block it off for RV's to come and hook up, I'm however confused on if I should purchase this property as an LLC(which I haven't created yet) or if I should buy it as my personal estate and just rent out sections of land.

Instead of looking at putting down extra money to reach your LTV necessary to eliminate it, potentially look into requesting a new appraisal if you think the value has gone up from your purchase.  

If you want to roll three properties into one large purchase you may want to consider a reverse exchange to make sure you buy exactly the right property and get some extra time to sell the old properties.

However, I think for your rental it'll add that extra "something" that makes people want your rental.

If you need and extra hundred or two a month look for a part time job. 

My new loan officer is telling me that it has to be put back towards the loan.I was hoping to see the contingency reserve at the end of my rehab to complete extra work that was outside of the SOW.  

1) i know how to build it... my biggest concern is the permits.. how hard is it to turn a 2 bed to 5 bed.. permit wise.2) also how much more can you charge if you have 3 extra bedrooms?

The story behind this guy was he had an extra property that he had to kick his son out of because of drugs and such.I asked him if he would sell it for what he owed on it and he said yes.

That's really not much work for an extra 10% LTV.