Re-organizing our rental houses into their own LLCs and considering using a virtual business address for each of these. 

If you want to meet up we can check out some properties and bounce ideas off each other I'm available. 

My vision was this summer to rehab the home as a primary residence but now needing some creative ideas of what to do once we do a tear down.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

I'd suggest trying a free training first that gives you the basics that will get you started and see if it's the right business for you. 

We translate all of the PM software data into their QBO(s) each month to show complete financials (property-specific & non-property specific transactions all in 1 software).The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

We have a contractor we have used for her business and our personal home that is amazing and extremely reasonably priced that will do rehabs.

Also, would it be a good idea to use a home equity loan for the 50k or does that seem like unnecessary risk since I can probably raise that 50k within one more year?

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

My agent passed the deadline of 2 business days to submit necessary documents online.