Give him the "Cripple discount" and allow him to live there an extra month while you own the property.  

So if I put down 30k i still have to borrow 260 @ 12% which comes out to an extra $28600 on top of the 290k I need to buy and rehab it.

You'll have the place rented now, and the extra 2 months will cover some vacancy on the back end.

Hey South FL folks,I have an extra ticket for a 3-day Than Merrill's seminar for this weekend (3/26 - 3/28).

I don't believe that I'm getting any extra liability protection by doing so, and I'm not sure that you can transfer an agent's license into an LLC (in Ohio), anyway.What would someone buy if they were buying your LLC that had your personal real estate license in it?  

The great thing being, when we decide we need some extra capital for something, we just cut that out for a couple of months. 

If you need a permit that will be extra. if they have to fetch materials that is extra.For example this is kind of my 'max I'll pay' for various things based on past experience.

Question 1: see aboveQuestion 2: Refi with a 30y loan and pay 200 extra towards principle (17 year loan at that point), or a 20year loan, no extra.

@Mathew Gunkel, I know it's emotionally logical to put your primary up for extra risk as a last resort, rather than first cab off the rank, BUT, that's why the PURPOSE for the loan should be really carefully considered in the first place.In case I came across as someone who knows what they are talking about, I don't actually know the HELOC rules/interest that Lenders have regarding using your primary as security vs your investment.

I've had cases where it was under market rent and by investing some extra time off market and rehab dollars the return on that investment was incredible, so keep an open mind to that as well if that's the case.