Both offered up to $40k, 12-14% rate which is higher but not bad for an unsecured personal loan. 

That's one of the fastest ways to lose money. 

Seems legit but I don't know anyone who has personally done anything in the PMC. 

The property is insured on your behalf, personally. 

Or US govt giving money to Iran.  

When your LLC takes a loan, expect as members to personally guarantee the debt.

Get busy making money.  

B) I don't have to give the contractor any money upfront for anything.3.

If you have other money to grow your portfolio even with $107K left in the property then  hold the property. 

I took no money from the cash flow (when there was any) and I never made a late payment to the bank.This fall, nearly 12 years after the bank gave me that house, and over 15 years after I knocked on that door - after evictions, vacancies, insurance claims, and never taking a dime out of it - I sold that house and placed all of the proceeds in a 1031 exchange.