I saw an offer like this one recently with a Navy Federal bank statement that "had $700K" in the bank and it seemed legit.. but the LLC wasn't active with the state and they had assignment of contract language all over it.

I recommend you find a qualified intermediary who:Will not commingle your funds with other clients.Holds a Fidelity Bond with Errors and Omissions Insurance.Member of the Federation of Exchange Accommodators and Better Business Bureau.Wire Transfer Security measures to counter wire fraud.Have a great day!

and usually take the state test to get the license and skip the federal part of the test ..

I have $150k cost basis$700k sale price ($420k to loan, $280k equity)$550 Cap gains20% Federal $110k11.3% CA $62kTotal Tax $172k - Granted not everything, but a very expensive route to take.   

Ensure the property appraises at its updated post-renovation value to maximize the equity you can pull out.A refinance isn’t a taxable event, but transferring ownership to your LLC may affect depreciation or future capital gains.

Federal Trade Commission (FTC): - https://reportfraud.ftc.gov/2.

If you don’t need cash flow in the near term, my suggestion is to use depreciation to defer taxable gains.

From my limited understanding of how they work is that S8 is a federal program that the local HA apply to so the funding is "Unlimited" as in that the local HA isn't individually funded.

NOPE  these are not federally or state regulated loans or lenders they owe u NOTHING.

@Saika Maeda Permitting the ADU allows you to claim depreciation, operating expenses, and other tax deductions, potentially reducing your taxable rental income.