New construction codes would require the construction of a house that is more resistant to high winds and will have a new roof.   

We are looking to partner with other investors and are in desperate need of gap lending for our next acquisitions.

It just going to require a lot more cash to set it up properly so I would consider that up front :)Best of luck!

Do you know if they have a requirement for sourced and seasoned fund verification?

Some real estate investments grow a little slower and even though there is monthly rents collected, there is deferred maintenance costs and management requirements depending on what type of properties.

However, it's essential to maintain proper accounting records and ensure that personal and business finances remain separate to protect the limited liability status of your LLC.Value-add properties often require initial investments for improvements, and it's common for investors to face similar situations.

A heloc can "Never" be used as an "Asset" or for PITI reserves when buying another property which is required.

The lender will usually require a letter of explanation as to why you're buying an investment property instead of a primary especially if near where you live. 

That is the standard list of documents required by all banks if you are using a traditional loan. 

That's what the requirement is for if you wish to move out and make it a rental too.