Have you calculated what your (monthly nut) is you need to survive business wise and personally?

It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).

The person calling you is on a money grab. you do not need a wyoming trust. 

Is there a point of contact person/business that handles all home investor concerns (general contractor, engineer, etc.)

Also, would this loan help build my personal credit, or would it only report to business credit bureaus under my LLC?

Part of the investment thesis was getting it for a bargain, then building an ADU complex on it as affordably as possible, getting it to cash flow, and realizing value on both the rental income but also property appreciation given the work going into it.If the property will really only be worth ~$1.70M once we are finished, I will likely just stop the project now and exit the house as soon as possible.If you do not get dollar for dollar for projects such as this, how would house flipping ever work?

And if they're valuing furnishings realize if the house is only marketed to a STR; then it limits the pool of buyers.

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.

However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.