*The taxpayer maintains contemporaneous records, including time reports, logs, or similar documents, regarding the following: hours of all services performed; description of all services performed; dates on which such services were performed; and who performed the services.

Just be weary of the rehab numbers and ARVs that provide.

I formed my business as a LLC in November 2022 my accountant then formed an S-Corp with the same business name in march 2023 NY state back dated my S-Corp to November 2022 I didn't know I needed to open a new bank account with my new S-Corp tax ID #.

It has made NO ONE responsible enough to provide me with documentation.

Are they recent, or dated over 6 months old? 

Slaven, we have some lenders in our network that will provide a HELOC on investment properties. 

P.S- My criteria is dated/ in need of work multi-family houses under 150k around west boulevard and Jefferson area in Cleveland Ohio. 

BBB is "okay," but not always accurate, and any complaints fall off (not shown) after 3yrs.Even Angi (was Home Advisor), while not great for providing leads (direct knowledge), they're sticklers on the Reviews. 

the date of move in is the date that the lease starts.  

If it were an exclusive buyers agreement and insisted on 3% with no contingencies, that is a lot more rare and broker-sided but from the terms you've provided, it appears he's just trying to protect himself from timewasters.