Renovations are almost complete and will be looking to rent out a unit.

@Audrey Sommer You’ve been given some completely inaccurate information.

People staying for 30-90 days are a completely different customers than someone in a years lease. 

Whether it’s for startup costs, equipment, or marketing, leveraging your home’s value can help bring your entrepreneurial goals to life.Bottom LineWhether you’re thinking about selling, upgrading, or simply want to understand your options, your home equity is a powerful resource.

And once I finish the due diligence, my work is done: it's completely passive.

I now inform all prospective buyers ahead of time that I will send my painter in as a 1 time courtesy once they complete their move-in to touch up hallways.

They simply do Fannie, Freddie, FHA, VA, and USDA loans.

Unfortunately, the septic company is taking their time, and I’m still waiting for the replacement to be completed.

It is ready for complete demo.

Here is an example with some figures:My LLC total investment = $204,000Partner LLC total investment = $196,000Value of project when complete = $500,000Each LLC value afterwards = $255,000 / $249,000The plan was for me personally to go get the refinance loan because the terms are so much stronger than if I went portfolio with the LLC.Loan total = $300,000 (keeping at 60% or under of value for best terms from the bank)Partner LLC payout = $249,000My LLC payout = $51,000In this scenario, I am struggling to see how to get the remaining equity in the project into my personal name?