Property values only going up up up for decades. 

I’d suggest beginning by connecting with an agent who specializes in multi-family properties.

Most credit unions I've seen won't do a HELOC on an investment property.

Some have never even seen their property first hand.  

Your decision to lease this property for short periods is what makes this a short term rental property, not the property itself.

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

Links to 2 properties in Nashville and 1 in Memphis using the same approximations. 

Where do you think a rehab is more likely to net the better sweat appreciation the high property value market or the low property value market?  

Right now I can contribute $50K to the purchase of a property.

@Jason Brown - I'm a CT based investor, flipper, and property management company owner.