It can be complicated at times, but breaking the overall process down in to smaller pieces and taking them on one at time definitely simplifies the process.

Jerrell,That would be a pretty simple process you could use a renovation loan or do a cash out refinance. 

If the property is vacant, most lenders will use the rent schedule that the appraiser will prepare as part of the appraisal process.

I would consider the jurisdiction you are in and the nearby existing development to gauge how this process may be. 

That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps! 

We are in the process of buying a second home in San Antonio/TX and are really interested financing it with an in the All in One Loan but the loan officer tells us we can not deed it into an LLC and could only purchase it in an "Inter Vivos Revocable Trust”.

Not sure of that process. 

Going through the insurance process is more crucial to your strategy right now versus the tax implications.    

I went to Federa's website and found SmartBuy DIY where I did by myself every process from start to finish.

Since that eviction, I've resolved to use that same tactic much earlier in the process.