Lastly, our lawyer is pushing us to use a bank loan so that we can purchase in an LLC, rather than buying it in our own name to get a 30 year fixed and transferring to LLC later.

However, if you found your way here just looking to learn more, there are many "exits" you can take once you have a property under contract at below market value like fixing and flipping, fixing and holding, or just leaving them as is and adding them to your portfolio, among others.For a wholesaler, this is what the process looks like and what 99% of questions people have.

Better to know while under construction then during inspection by a prospective buyer or after a tenant moves in if a fix and hold.- crap happens.

I locked in for a 30 yr fixed at 5.375% on my SFH rental.Thats sounds about right.

How much sweat equity should I give to the contractor who helps me fix the property and manage the entire work from project management to actual labor?

My wife and I have been looking for a fix and flip for the past couple months.

Before I started learning about RE, I did a streamline refinance on 237k with a fixed 3.25%, at the time it did make sense.

And every time I thought: well, I already put 2K /4k, etc, I guess I will fix this other thing too...)

Toughen up or get out of the business--or suffer the emotional roller coaster an experienced tenant can put you through.Story from my upcoming book "Excuses Tenants Provide":  "I had to use the rent money to fix my car". 

Also, if the seller feels like they "won" getting the 310k, if something shows up to be an issue they'll probably be much more willing to fix it.