There was excess proceeds and the court could not figure out what to do… I kid you not

That seems excessive.

It definitely didn’t help the situation that my team members shared my excess empathy.

We would loan in a % of the money then in the note we had an interest rate of course then a % profit split in excess of the mortgage amount and the base note amount. 

Things that will be an issue for the Builders Risk:- some living there during the reno  (that is a very tough one)- prior water of fire damage claim (many regular companies will not do this so you may have to get coverage in the Excess/Surplus market (Lloyds of london, etc...)- delay in the start of construction (you may have to insure it as a vacant dwelling then switch to the Renovation Builders Risk when you are Ready to start)

@Chris MorrisThat seems extremely excessive I would say $5-$10k at most

I've been working my way through different institutions and this seems to be a strategy that isn't generally accepted if the loan is in excess of my DTI. 

Will the capital gains be counted as long term (since the original property was held in excess of 12 years) or short term (since the acquired property has been held less than a year)?  

This would all be in an effort to avoid excessive calls or people showing up to our showings that are not good renters.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.