It’s a bonus if the bank offering the HELOC also handles BRRR loans — they’ll be more flexible and accommodating when it’s time to pay off the HELOC with a new loan!

Many lenders also impose additional requirements such as owner-occupancy, and/or that one lender make all of the institutional loans in the building.- Valuation: The variety of financing products available as individual tenant in common loans remains limited, and the terms are generally less favorable than either apartment building loans or condominium loans.

In addition to STR'ing the main house, he is building 2 more units (ADUs) on the back side of the property.

I already have land holdings near Everett that will certify out at 304 salable density bonus credits.To play this game, I get certified and then "clip off" the transferable development rights for sale to urban developers in the county, who can cash them in for an increase in dwelling unit density from an original 22 units/acre to 58 units, and building heights from 45' to 75'.

Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

How do you finance the tear down do you add it to construction?

Our country needs four million additional homes.

Being able to shuffle leads from MTR to MTR is a huge bonus and you can benefit from the economies of scale faster. 

In addition I heard that is better having one LLC for each property and one for management only.

Additionally, what do you look for in a property to increase the value i.e. what are typical items to target?