I'm trying to figure out the best combination of refinanced mortgage and HELOC or HEL to accomplish these goals. 

@Emily Di I haven't yet met anyone who is pleasantly surprised once they understand what's involved to accomplish what you describe. 

Better call your zoning department and building department to verify this can actually be done and what it will take to accomplish it.Third, you'll have to look long and hard to see what exactly you need to do to those 2/1's to get an ARV of $700,000.

Fails to tell the homeowner that they are actively marketing the property for market value and that the investor or real estate broker plans to assign their rights in their contract with the homeowner to another investor/buyer.Fails to tell the homeowner that they intend to make a profit by accomplishing an assignment of the contract.Fails to tell the homeowner when the contract is assigned to a different investor/buyer.Investigated Case ExampleBelow is an example of a case that we investigated where the broker involved in the deal was referred criminally and her real estate license was revoked.The victim had the misfortune of being on her front porch when an “investor” and his real estate partner approached her and told her they used to live in the neighborhood and wanted to move back.They figured out her weaknesses and used them against her.After “working” on her for a few days, the investor and real estate agent had a meeting with her that lasted hours.

What are you trying to accomplish? 

Hi Derek, Congrats on your first two BRRRR deals - that's a great accomplishment! 

That will give you immediate insight into the timeline and feasibility of accomplishing your goals. 

I plan on getting my real estate license soon, mainly to educate myself more in all areas of real estate as well as to make connections to more accomplished real estate investors who can provide guidance in all facets of the business.

@Patrick Reisinger After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

I just don’t know what to do to accomplish what I need to.