Only a CASp inspector can certify a property for compliance (in CA.)When in doubt just CASp it it will save you money in the long run.

I doubt the SEC is trolling Craigslist, but who knows....

I seriously doubt this rehabber has much experience passing off such poor advice.Example: Kitchen cabinet material cost: 3,000, install cost is $1,000 (hardly double)Kicthen appliances: $1500, install cost = $200Stone/Tile/Carpet - material costs can vary dramaticaly, yet the cost to install would be the same no matter how expensive the material is.A better idea is to walk the HD/Lowes Isles and get the material costs, then speak with contractors for installation costs and make yourself a sheet.I have commented in many threads on how to evaluate rehab costs, do a quick serach to find some of them.

So there's no doubt about what's going on.

Sure, the government might end that someday - but I doubt it, since it is essentially the government partnering with successful investors.

That would be a good time to put the LLC in place to hold your investment.I don't doubt that you'll probably go through with buying investment properties.

Personally, I'm building in Atlanta for about $65-70/sf, but I highly doubt I could get anywhere near those prices anywhere else in the country (others might be able to, but not me).

THEN, figure out how to find such properties and finance them since i doubt 150k will be enough to do more than 1, maybe 2 good deals.

Without a doubt, this is flipping.

I doubt the terms are worth your while.2) IF you are able to accomplish the above, you will pay tons in interest.