@Preet Oberoi,I would strongly recommend that you look to partner with someone who has experience in this. 

This will clarify and reinforce what you are reading.

Just wanted to share some notes on my experience with RentRedi. 

They are connected with NetWorth Realty. i am considering them for my first experience with hard money loan and thought i would get feedback

Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

I wanted something I could fix and flip for the quick capital as well as the experience of managing a project, finding contractors, etc How did you find this deal and how did you negotiate it?

Helps reinforce good work habits in my business. 

Would love to get anyones experience on househacking in this particular market and any insights on the north carolina market areas

I only have experience with regular single-family homes as STRs.

It has to be an addition.I would double check because maybe the workaround is reinforcing the garage and building above it.We lived in our studio ADU for two years before we moved into the main house.Best thing to do is talk to an experienced lender.