Let's also face it, if someone doesn't have 500-5,000 in the bank as a wholesaler for EMD on their deals for their own business, another red flag. 

Quote from @Nicholas Dillon: Basic math on a napkin.When you cash out the equity, you borrow it from the bank.

If a city fails to meet any of the additional criteria, remove it from the list.Sufficient population: cities with a metro population greater than 1M.

I suspect you spoke to bank employees who weren’t in their commercial lending division and didn’t understand your borrowing request. 

Those are tiny, tiny obstacles compared to where this process succeeds or fails, and that is with the contracting. 

While the second LLC does not yet have an EIN, can we temporarily operate using only the bank account of the first LLC (which also holds the property)?

They failed to compact the footings.  

I would look at it as a learning experience were i would hope to make significant bank while learning.I hope everyone has a great and successful 2025.

One would be when you have a primary home and its listed on MLS (for sale) and the bank gives you the cash out until the home sells and the loan is set up for 12 to 18 months.

I'm also working on upgrades for THE MTR Connect - better scheduling, automations, guest speakers, social media - all to help promote the collaborative and supportive space my colleague @Jamie Banks and I have created.