Houses that sustained fire events have long term consequences including structural damage and mold that results from water intrusion required to extinguish the fire.

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?")

Long term I think you end up losing your shirt here, so if you can get out without too much damage I'd take my lumps and move on.

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

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

Your credit will drop if you don't use credit.

Often times when a builder/buyer moves too fast, or is too busy and overlooks a key piece of due diligence, the unethical ones will try the "scorched earth" method and blame everyone but themselves, even when they know it was their own mistake, and they'll see if they can scare you, the seller, the title company et al into paying damages/fixing their problem. 

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%. 

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

For your first commercial deal, your best home is probably going to be with a local community bank or credit union.