Alex,There are a few other options when it comes to your situation to get the cash out of the home. 

I want to confirm that this is a temporary situation with the BOI.Previous injunctions have been overturned.

There are multiple implications- so it's best to work with a qualified professional to figure out what best meets your specific situation without unexpected consequences. 

We’re trying to secure coverage for our LLC to protect against situations like missed disclosures during a sale, professional negligence that may affect a future buyer, etc.

Purchase price: $1,150,000 Cash invested: $200,000 Sale price: $1,599,000This beautifully renovated single-story home features 4 spacious bedrooms and 2 modern bathrooms, situated on a 9,000+ sqft lot in a tranquil cul-de-sac.

Could you provide guidance on how to navigate this situation from both a tax and mortgage perspective so I won't have issues getting my next property?

Melisa Justice, and she helped me navigate the entire Journey, it was a process not too long, it took about a month, and the process would have been definitely very hard being that I was on a different state by Melissa made it a lot smother, she was very responsive to all my questions (and I had a lot of questions), she helped me find a lender that would fit better for my financial situation, once I was pre-approved she connected me with the right property inspectors, and all through out the process she kept in touch pointing me the right direction all the way until closing day, all this to say I Definitely recommend her for any body the is finally ready to take the plunge and get started with their real estate carrier, I definitely will get in touch with her when I'm ready to buy my next property!

We came across a large single-family residence with two kitchens, right next to a commercial zone, that was previously used as a sober living facility.

I’m in a similar situation in Concord NC.

One key piece of advice that I would give anyone looking to turn their property into a rental would be to make sure you are in a financial situation to do so.