There is good leverage and leverage.I grew up a cash investor and was scared of leverage, but it limited my ability to buy more properties.

For many investors, an LLC acting as a Holding Company is going to offer the ability to manage the entity simply and provide limited liability protection.

This can help with limiting the time your unit sits vacant.These situations can get tricky, but I always recommend staying level headed during your interactions with the tenant.The worst case scenario is the tenant ends up unhappy that you don't want them to break the lease early and/or they don't want to pay for an early lease break (hopefully defined in your lease agreement with them) and ends up damaging your property, costing more, prior to their actual move out date.

It’s also easier to attract investors because they know their risks are limited to what they put into the LLC.Finally, managing the property becomes simpler under an LLC.

Typically there are no prepayment penalties on hard money loans, so you can limit your holding cost if you're able to quickly complete the project and sell or refinance in a few months. 

Anything below 1:1 will limit how much you can take out and will have a bit higher rate. 

Quote from @Ashish Acharya: @Johnny Smith With an AGI over $150,000, Passive Activity Losses (PALs) from rentals are limited, meaning you can only carry them forward without offsetting your W2 income.

If a wholesaler is doing 5 deals per month with 5k EMD for each deal, that is 25k out of pocket and may limit the amount of deals that wholesaler can do.

That average person given limited access to a property is not going to have the experience required to know what to look for.Yes, i would have a couple of your most trustworthy contractors with you when you walk the property and i'd film the walkthrough / take as many photos as you can.With a full hour you can easily assess most of what would be needed to account for 

Many investors hesitate to start their next fix-and-flip project due to barriers like limited funding, uncertainty in market conditions, lack of experience in estimating renovation costs, or fear of unexpected delays and expenses.