Thinking of approaching investors in hopes of the following. 1) investor pays for demo of my current home + build of new townhouse.

There is a right way and a wrong way to do a LLC, 99% follow the herd on biggerpockets and think they are "protected" by doing this but all it seems like they are doing is throwing money away by making life harder for themJust my non legal 2 cents on this. 

I was wondering how you navigated that in the states that follow the Safe act and require licensing.

The 'rule of thumb' that everyone should ALWAYS follow is... educate yourself and verify everything - Whenever you put money into any investment you need to research the rules that apply to that investment strategy from alternate sources and verify what you are being told - Never make an investment if you don't understand the issues and verify every claim made through county public records and other, 3rd party sources. 

It's a great strategy, but make sure to follow the rules closely to avoid any penalties.

Some will say find the deal and the money will follow.

Just remember to follow your inspection deadlines so you can get your EMD back if you end up terminating the deal!

In order to be great at follow ups, it needs to be scheduled

It's really stupid but but most banks consider the following to be rural: over 5 acres, if it has an unimproved road to get to the house, if it has a barn or horse stables, if population of town is under 20,000 (population density varies by lender).

Is there any specific list I MUST follow?