Most (not all) HELOCs require that the property is titled to an individual (not LLC) and are full doc, meaning your employment history, income, DTI etc will be factors.

Typically, we conduct background checks on only the individuals who are responsible for the lease (primary resident) and/or cosigners.

Also SOP for such is individual property owners will, individually, address total site cleanup in concert with there insurance providers.

All programs have LLPAs but that's more so any bank's individual guidelines and overlays to specific product pricing.

Explore Potential Funding OptionsPrivate Money Lenders (PMLs): Reach out to private individuals looking to invest in real estate.

It forced me to reach out to developers, to engineers dozens of local builders and most important like minded individuals.

Well, of course it depends on the individual circumstances, the amount of time comitted and the capital available.

I wouldn't focus singularly on individual city initiatives/projects and would recommend focusing more on fundamentals.

IMO, the best strategy for that type of individual is to purchase residential property in an area they are or can become familiar with; in an area where the neighborhood is “on the rise”, typically where demand exceeds supply and people are spending $$$ on fixing up properties.  

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.