Unless you are running multiple business operations (like a PM business, sales, contracting) the need for a master LLC typically only creates havoc for you. 

Yeah they run a bunch of meetups in the area and Andrew and Jon Bombaci (also a guest) do a great job and are easy to talk to.

I see my train running right off the tracks.

A HELOC carries a higher rate over a shorter amortization usually 10 or 15 years and a mortgage carries a lower rate over a 30 year amortization offering a lower payment.You have to run the math in each scenario because the math differs based on a few things like Fico score, CLTV, Loan size, and time frame between purchase and refinance of new property.

Since Waco is running 6 years behind the rest of the country and with millions of people now moving to Texas, we know what to expect for Waco's future in the next 6+ years and THAT is what makes Waco one the most attractive real estate markets in the country today.                                                                                                                               

My partner and I would run and complete all construction and inspections.Has anyone had experience with this and if so, does anyone have a GC in TN that may be interested in this opportunity for hands off passive income?

The run off in the attic was overflowing.

I haven't run any numbers on this, but I've seen similar setups and at some point you are really just ahead the month. 

The idea is if banks were doing all the owner occ loans the cost to the buyer would go down by 5k to 15k per transaction depending on the price of the home  Plus approvals would happen faster and there would not be this intense need to solve the underwriters every little crazy question  I am sure you have run into this over the years..

It would be perfect for someone running their own business and wants to live on site.