I see what the issues are and what needs to be fixed.

fix and flips are the vast majority of the targets for private lenders.

Investment Info:Single-family residence fix & flip investment.

If they can’t fix it, or parts aren’t available, they give you your money back.

Active investing you directly get appreciation + mortgage paydown + cashflow ALL ON A FIXED 30 YEAR MORTGAGE.

This property can NOT be financed by FHA or a traditional conventional 30-year fixed-rate loan.

Investment Info:Single-family residence fix & flip investment.

Now that you have the property purchased in the way you did, what are you looking to fix with an LLC that owns the property?

You may not want your heloc tapped that long as the rate is generally higher on a heloc than it is on fixed mortgage rates. 

What is a storm rips through and trashes the roof, BUT the condo project does not have enough insurance coverage to fix it, the value of the all the units in the project just went down. or, even if they are able to fix it but  the coverage premium doubles so the HOA has to double the monthly HOA dues but half the complex can not afford it?