If you are borrowing money, you are going to be using equity of some sort.

During this time you are not generating any return from the money invested in the ADU.

I could envision them refusing to disburse funds until the LLC is reinstated.There may be a way to transfer ownership of the account, but it is probably just easier to move the money.

I owe my lender about 8k. 

Its only good for tax purposes if its still a wise investments and you do not lose money on it.

I am also a lender, with Chase Bank, but want to expand my knowledge on hard money and private financing options.

The end goal is to have a piece of land with multiple houses: one for my growing family but also a home for my mother in law.My mother in law has agreed to foot the money on a new property/land up front and when ready we can buy land from her to build/develop etc. 

I moved to North Virginia from NYC and saved my money. 

Hi @Dave Tab yes for the low money down loans as far as I know you need to be able to show you are occupying the property.   

You can read a book and multiple books, but unless you are out there doing it (I.e. getting bids and getting contractors to truly get you an exact estimate) you will be far off from the numbers you want and may even lose money on the flip/rehab.The best advice I would suggest in my experience is that you should get into the line of work by either partnering with someone or working with someone on some projects prior to going into a flip on your own.