Talked to the mortgage company and they said 2 things happened. 1, they added some extra insurance to my account.

Can anyone recommend a good insurance agent for a flip in the Chicago area?

You'll get more accurate advice and answers, and they will probably be more willing to work with you and guide you in the right direction if they have documentation to look at (tax returns, W2s, amounts you paid for each property, taxes, insurance costs, estimated rents and completed values, etc).

Plumbing?

The appraisal came in above the purchase price, insurance and taxes came in below their estimates, and my ROI is expected to be higher than what they quoted me.

The title company says they cannot insure it due to the bank foreclosing a person who is not the owner.

Get liability insurance.

I hear on the podcast and things I read such as take your debt service, taxes & Insurance, maintenance, vacancy, mgmt, and perhaps cap-ex and then shoot for $100 a door after that.

You can also call local small and midsize GC's for their budget guidance on hard costs.You can do a very simple proforma as follows:Revenue from salesLess Broker fees for condo sales, closing costs for unit sales, warranty costs for units salesLand, closing costs for land, broker fees for landSoft costs, architecture, civil eng, MEP/S engineering, soils report, Phase 1 if needed, developer insurance, prop. taxes during const., marketing, subdivision costs, HOA formation and reservesHard costs - GC contract costs, overhead, profit, insuranceDevelopment impact fees, permit fees, school fees, park fees, etc.Loan costs for const. loan, interest carry, loan fees, appraisal costs, lender legal, funds controlDeveloper feeEquals (what's left) - developer profit, normally shared between equity investor and developer. 6.

My investment real estate agent recommended a mortgage broker that is located in a different city than the one I currently live / invest in.My question is that I have not met this mortgage broker and that he requested a lot of information ( Social Insurance number, wages, income, saving and so on...).