That is owner occupied starting 2025.I will test (if approved) STR or MTR…on the other unit, but also Besure it works for LTR.We both have good credit, DTI is way low, great jobs, and money saved to start this process.Here in Lexington KY I feel it’s hard to find duplex in a decent area unless it’s over $500k.We each prefer under $300k for a duplex.

It makes sense, most have no credit, no balance sheet yet  possess this desire to own real estate with no proper direction or understanding of the business  and this is the unfortunate outcome. 

Your credit score is above what lenders want6.

There is a lender willing to refi cash out the property right know, should I take this lender offer, or would it be better to go to a local Credit Union or Bank and have them run the numbers?

You also asked if you should put your own house into an LLC.Yes, I think getting a Home Equity Line of Credit is a great way to get access to that equity and only use and pay for what you need.Putting your own house into an LLC may affect your ability to claim homestead taxes so you may not want to do that and may also affect your home insurance.However, putting your fix and flip into an LLC can reduce your liability exposure but make sure you also have the right insurance on the property while it is being worked on.

Verifying last 2 years of rental history very important!

If I’m able to get a source of income (🤞🏾) will I still need to have 2yr minimum work history to get money to buy both land and build? 

I have a long history in real estate first being licensed in 2005, then went into financing, back to real estate all while owning my own hospitality business for over 12 years as a single mom of two, building it from the ground up.

I have a D&B account associated with it, a bank account(I will be moving to another bank at some point in the next few months), and I have a business credit card.Should I dissolve the LLC, or change the name? 

Verifying last 2 years of rental history very important!