typically no special license is needed when doing it for hard money loans that I am aware of. there may be states like california and nevada that are tricky where lenders need a license of some sort but for most part brokers i have seen are not licensed. 14 or 15 states require state license and NMLS registration.

I want to purchase an investment condo for $150,000.I want to get Heloc loan from my other investment condo for $50,000 and use it as downtown payment for this condo.Can I get a 30 year fixed conventional loan for $100,000 and use $50,000 for down payment from heloc?

Depending on the loan amount for the new property, roughly a little over half of the gain could be deferred through the exchange.Without a 1031, they’ll face taxes on the entire gain, including federal capital gains tax (likely 15% based on their income), California state tax, and depreciation recapture, potentially totaling $130-150K.

The problem is that the new lender will not allow me to quit claim the property back to my LLC now that the loan is done.So I have to rely on insurance only which is terrifying to me.

Quote from @Brandon Croucier: The loans are available but nobody wants to do them.There always seems to be something wrong with the properties, as lenders we just can't make enough $ for our time.9/10 Borrowers also complain about the "excessive fees" for the loan amount.If you are okay with paying 8k in closing costs then the loan is available. 

It varies for me city by city here in south Florida.

Are you looking for better loan terms from the lender?

Option 1: The loan that the owner has is an assumable loan at a 3.875% rate and still has about $265K.

So when the bank requires insurance for the loan amount.. that will work generally.. 

Once construction is complete you could refinance out of the construction loan into a DSCR loan.