My other option would be to do a 75% LTV at 7.5% interest, but I would have to come up with $20,000 to pay off my HELOC or carry the balance on my HELOC and pay interest on that as well.

This is again assuming that you are allowed to mandate owners carry insurance.

A couple million in general liability, which I bet you're carrying anyway on top of the LLC is all that is required.The TIC solution is elegant and once the exchange is completed you can always merge the entities into one since the ownership is the same.

If they're any good, they should have a sales funnel built to find deals from off-market sellers using cold calling, direct mail, nurturing, etc.I would even look for wholesalers in Facebook groups.

Cash obviously means you have no need to carry windstorm.

To precisely assess each property's cash flow potential, a comprehensive financial analysis and due diligence process are necessary.In order to invest in Dallas, one should carry out extensive market research, establish connections with local investors, property managers, and real estate specialists; moreover, one should investigate financing alternatives, investigate possible investment properties, and give careful thought to property management.

Can conceal and carry also mate.Toledo is the place to be 😁

This puts us somewhere between 18-27mo pending sale.Land Acquisition: 1M + 50K in closing costsHard Costs:Demo: 50KConstruction + Architectural Plans (survey, topography, permitting included) = 1.6M + 80KPool: 100KSoft Costs:Appliance package: 50KFurnishings: 75KLandscaping: 20KAnnual Carrying Costs (utilities/property tax/maintenance): 45KTOTAL: 3,025,000.00 After speaking with two lenders, it seems the best course of action would be to put 20% down on land for 12mo/interest only.

This will be the carry back mortgage and 2nd position. - Both the seller and the buyer will be on the Deed.I don't know that I want 2nd position or to co-own.  

FINAL NUMBERS:- Projected Costs: $380k ($357k in build cost & $23k in soft costs)- Actual Costs: $389k ($369k in build cost $20k in soft costs)Note: We had very minimal carrying costs because we utilized a CA HELOC with Premier Valley Bank that had a 2.99% introductory interest rate.- Projected Finished Value: $750k- Actual Finish Value: I think between $800-$850k, not sure yet.