I had another with the same issue, but on that one I was able to challenge the appraiser and got the appraiser to correct it.Rehabs like any project such as flips can go over budget, just be prepared.  

Just got an accepted offer in NJ and I’m faced with a weird situation.My lawyer prepared the standard attorney review and sent minor contract changes to sellers attorney.

It goes without saying but this obviously throws all of our numbers out of whack when analyzing properties and preparing for the next deal.My question is, would you suggest that after the initial purchase and rehab we refinance using a loan made to an individual (either my partner or I) and deeding it over to the LLC if the bank allows?

It's a long game and you'll have a lot of time to prepare. 

We have done research, reading and podcasts the past several months in preparation and are ready to start the process.

How much does this work cost (and how long does it take): prepare the ceiling and walls, cover them with plaster and paint them (one room)?

If the site is in the green zone, then order development from him.5) Be prepared that custom development of a fast site is expensive.

Be prepared to operate as a hobby, not a profitable business.But maybe you get lucky. 

I'm a "prepare for the worst" kind of guy, so I would like to have a few potential people ready right off the bat in the even that he calls me and tells me it's a no-go. 

I have only done one eviction with a tenant that I inherited and he basically stalled out till the sheriff came to remove him so just be prepared for that if it goes down all the way to end.