I am betting you didn't put this (or the other ones) home on the market to then become the bank for someone who only has a couple thousand down and no credit instead of selling to a verified buyer, right?

Alternatively you can do the LOC (line of credit) on it so you can retain the home but are definitely subject to today's current rate environment.

This can result in significant financial loss and damage to your credit score.

Some lenders do have minimum credit scores to access these loan types, but it is the exact same qualifications for income and assets as non renovation loans. 

We talked to our accountant and she was recommending individual LLC's as well as individual checking accounts/credit cards etc..

Sometimes the cheapest option isnt the best option, and most over-the-phone rate quotes (saying "I have 800 credit and 20% down, what's your best rate?")

Buckets are the credit/exp requirements for leverage and rate. 

Thank you very muchJaša This is how traditional banks, private credit funds and anyone in the lending space works.The challenge you will have is finding someone to give you money at X%. 

I am currently looking for a small local bank or credit union that issues lines of credit collateralized with investment property.

Look no further than the “0-70 units in six months” posts and the adulation they receive, when all they prove is that the person has access to credit.