I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.

If you've got to ask a question on an online forum about managing an out of state or out of country renovation, you aren't ready to do this on your own.

Does the LLC legally own the property that was purchased? 

We purchased the house about 3 months ago and are owner financing it.

A vacant house across the street from one I just purchased was also for sale at 51k.

Hey Cameron, for experienced investors I can lend up to 100% of the purchase and rehab costs on 1-4 unit properties.

Purchase price: $241,000 Cash invested: $20,000 Turn-key investment property, with some Capex work including updated roof and lite plumbing fixes.

Purchase price: $241,000 Cash invested: $20,000 Turn-key investment property, with some Capex work including updated roof and lite plumbing fixes.

The only additional thing that needs to happen is make sure appraiser makes note of why the value increase in as is vs previous purchase price.

Are you currently working on lining up funding or looking at potential properties yet?