. - Any interest in getting on a conference call and discussing our options, given that we are in the same boat? 

Gives you more options.- at year 7 if value appreciated a lot, can i do a HELOC on it and use that HELOC to pay off the balloon - probably not due to lien being secondary etc on helocYes on the HELOC, but it would probably be easier just to refi and pay off the seller, and cash out more money too.Hope that helps and good luck!

@Kenneth Joseph Perfido If you’ve moved to a new state and plan to conduct business there, you generally have two options: register your existing LLC as a foreign LLC in the new state or form a new LLC in the new state.

Yes quite a few of our 5,000 options have rate and term or purchase!

Seems like you're in a good spot with lots of options.

It felt like everyone I found were self-serving, looking to line their own pockets, or not willing guide because of fear of competition.

FHA gets a bad rap because sellers and many agents think it's only for people who don't have the money so if I had 20 percent, but wanted to use FHA, I would present a proof of funds with my offer showing I have more money, but am using the FHA as a financial option so I can get an investment property as well somewhere else.

My vote is option one.  

Been listening to bigger pockets for about a month now (literally everyday, at every moment I have spare time LoL) and am learning a lot.

Would a DSCR loan be a better option than a hard money loan for this project?