So for a $100 purchase price, I would need $20k (downpayment) and then $10k in rehab for the $30k I have.My questions are mostly toward the financing/lending strategy.  

From my perspective it doesn't make sense to start an LLC with just one property or even several, its expensive and many banks won't lend to non-individuals.

I'm looking to flip my first home this year in the western Massachusetts area and wondering if anyone here on BP has used rehabfinancial.com as a source for private/hard money lending?

Anyone that's been doing this since before the recession operated in that world, I have not and don't think I'd have been a good fit for that world.I know a few realtors that gave up on lending and became realtors specifically because they could not be competitive in a world that rewards crummy behavior.

The conventional lenders I talk to don't want to lend on Sub 70K houses.  

I won't be new forever will always lend a helping hand.

Has anyone here on BP used rehabfinancial.com as a resource for private/hard money lending?

Which they have cornered  that industry in construction and lending.

They call this portfolio lending. 

Personally, I think protection is always a good thing, but it could create some difficulties when it comes to financing, depending upon the institution.3:What kind of engineer are you?