If you are not already working with a Qualified Intermediary on this, I'd be happy to give you a free consult to walk you through the details of your case. 

The builder will need to be approved by the Bank/Lender or the bank/lender can provide you an already approved builder they have used before in that County.Once the builder is approved the Bank/Lender will have a initial meeting and set up an agreed upon draw phase based on the work that will be completed in phases.Best thing to do is have a conversation with a seasoned Banker or Loan officer to start an application and set up step by step plan.Feel free to reach out if you have any questions I am always happy to help and talk REI.

Most of the time, you are better off selling the home and getting the proceeds tax free and using that to buy a rental.

This way, you can live in one unit for free or very cheaply while you get the hang of being a landlord and grow your money in the property.

Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.

If you would ever like to meet for coffee, feel free to reach out any time!

If you need an investor-friendly lender intro to go over your financing options, feel free to send me a PM.

They're willing to share it with you for free, so try to find ways to pay them back.

Feel free to reach out, I can provide references from my past clients.  

No - FHA loans cannot be held in an LLC or it will trigger the "Due on sale" clause.