It's a duplex in Delaware, OH.

Our property is single story with an ideal location (end of a cul-de-sac with a nice lot size in a nice neighborhood).i would do the work with my father (free labor :mrgreen:) over a weekend or 2 and we have some experience in finishing basements.

For example, in Illinois you can file a Delaware or Nevada LLC, but if you do business in Illinois you must file as a foreign entity registered to do business.

I'm in Los Angeles...market is higher than ever...bordering communities (westchester, playa de rey, are heating up and have been for a 6-8 months.  

She has de glass Windows that look like mini blinds an The air comes trough each sepárate piece of glass.  

Even on a HELOC the most they might do is reduce your line if you wind up going over 80% LTV/CLTV (80% being de rigueur for HELOCs)20% LTV is different still... that would be in the lines of a 20k loan on a 100k property implying you have 80% equity.

I purchased my home in 2006 because its in a quiet dead end cul de sac.

I would recommend a LLC from either Delaware or Nevada.

There are stickers everywhere saying the house has been Winterized and to have a plumber de-winterize and turn on the water etc.

Ok so I asked about testing the mechanicals and the realtor said they would be willing to turn it on but I would have to pay for the de-winterization.