interest rates and prices are basically too high right now."

As an experienced investor from the past, I was interested in the funding that is exposed as BS!

On its face, this is a scam.

That would give me pause before buying rentals in CA or IL.I will be following this with great interest.

If a person has RCV or ACV policy makes a huge difference, than question of what coverage level people had and if they had policy add-on's that cover cost over-runs and all that fun stuff, not to mention contents. 

The challenge, as you’ve discovered, is that traditional HELOC lenders typically want the property titled in a personal name rather than an LLC.

"District South was financed with a fixed interest rate construction loan from our partners at First Financial Bank NA.

However, this is not specific legal advice to you, just an opinion based on the circumstances described in this thread.  

Which one is this one? 

This will clarify and reinforce what you are reading.