While this is a cool area with natural springs that does draw in people, most people are local to FL and there is a lot of camping. 

They hold your money, spend it without your permission and you have to call and email incessantly to get a release of your monthly draw.

Plus the added requirements around getting drawings and general contractor for even adding a tiny closet.

@Kash Tacke legally, you would need architect drawings to get approval from Detroit Zoning Board.

I am actually doing a flip right now and hard money lender isn't the easiest to give us a loan for the rehab (draws verse pulling all at once, which is normal).

The biggest difference here is that you'll pay P+I on the entire loan amount immediately with a cash out, but you'll only pay interest on what you draw on the HELOC during your draw period.

Another draw back is short term your expenses will be higher because you are paying the mortgage plus paying back the loan but that is a short term draw back until the loan is paid back.How it works: I have experience with my wife's company and mine, each is a little different. 

Win, Lose or Draw he's still in the records from your filing;-)Housing Court Judge, speaks to us at MassRealEstate dot net annually.

You also don't need to do a traditional long term strategy, is there a draw the  area that playing host to a traveling nurse or other professional/student would be interested? 

-Rehab funds are usually held in escrow, which will require you to request draws. 2.