We are looking for like minded individuals to help us on our journey!  

As a licensed individual, if you start buying properties too far under their true value...you run the risk of sellers complaining to the real estate commission that you may have taken advantage of them.

You can repair individual tiles by cutting them out with an oscillating tool.

Me and my wife are young and eager individuals and want to learn a lot more about the Real Estate Industry in flipping houses from experienced professionals to beginners.

But I consider myself very handy (thanks to my dad teaching me young) so I have taken advantage of it. 

There is value in every service; if the individuals involved make the decision to be receptive to it. 

Are these just Arbitrary ratings, given as a best guess by the individual investor?

Are there other options for splitting these costs among individuals within the LLC or would this money just come from a personal account and once you physically own the house you would deed it over to your LLC?

Seems pretty unnecessary at that level.Also, and this is probably a dumb question, lets say I am looking at a 3 flat, and each individual floor is around 1200 sq ft.  

Residential mortgages do not allow for a company to own the property, must be in individual names.Generally most use LLC's for buy and hold, as there is less paperwork required each year than an S-Corp.