This is where I'm very inexperinced and don't understand what is standard for industry or what could potentially bite me down the road.

And that's why it's work, serious concerted work to mitigate the risks.

Alternatively, restructure the loan with equity participation for potential capital gains treatment at lower rates.

When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.

There are regulationsI could go on, but if you learn this much, and apply it appropriately, you will cut down your sorrows and risk, considerably.And yes, there is much more.

But it just depends on your risk threshold and how much you're looking to spend.  

Quote from @Christian Styles: Potentially able to help you find someone but I would need to know specifically where the property is in order to know who to recommend.  

And if you are doing a short-term deal (flipping, etc.) what is your appetite for risk?

A good mentor will help you evaluate things and identify potential hurdles before they come into play.People fail because they think it's easy without understanding what the difficulties can be.

The lower the score, the higher the risk and the more we charge for a deposit.