Use a renovation loan where the initial rate is interest only under 7% and then you refinace into the perm loan when the builder or GC is done with the final draw.  

It draws heavily on the Port of Mobile, with executives there estimating that it will be bringing about 50,000 TEUs (Twenty-foot Equivalent Units) of containers traffic now that it’s operational.

I had hoped that the natural draw of Disney etc would work in my favor but there's just too much inventory.

@Joyce KimHELOC and home equity loan are not the sameEquity line of credit is a line of credit that let’s you withdraw up to specific amount and you can take less and pay interest on what you drawFor example if you had a $50k line of credit you may choose to use $20k of it and it is usually ten years where you can pay it off and draw moreA home equity loan is a second mortgage which is a fixed amount and paid off over a period of timeHELOC is better in my opinion but if you have no income it will be difficult to get approved even with the equity you haveCommon misconception people have is if you have equity you can just take it, that’s not the case the bank also wants to make sure you have the ability to repay it.

If you have a more extensive full gut rehab you need drawings depicting the work to be performed and material specifications.

They do draw a hard line with cloth wiring, even if it is in good condition and not knob n' tube. 

you should post dimensions. a drawing maybe?

What is the biggest draw to this property over others?

Our private covered dock and lake toys are a bug draw for us in the summer months.Multiple people have said they love the pool table.In our bigger cabin people like the large game room, movie room, custom covered firepit and hot tub.

@Maxwell Hinesmakes no sense - you'll be negative and never be able to pay the HELOC draw back with the cash flow you don't have from the house