A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

So getting rid of it ahead of time will definitely help you navigate the wilderness of lending.   

If you are in NC and are going to lend in NC you will definitely need to know some NC laws.

Banks and private lenders are going to be justifiably cautious to lend that much to someone without experience or a track record. 

The bank I am working with prefers to lend on an occupied building with leases. 

@Jason Hartman, I've never heard of such a regulation but if it does exist (I assume it does if multiple financial institutions told you it does), would they be okay with you buying a property with another loan, cash, HML or private investor funds and then use the HELOC for the repairs?

The goal is to establish a relationship that you can leverage for years to come.You should inquire about rates, terms, and requirements when contacting a potential lender.You can use any lender licensed to do business in Indiana, but some banks only lend in certain areas by their own choice.

I don't know the lending rules in the US, but with an income of $28K, how much will the banks loan you? 

Returns since switching dwarfed lending...for the time being that is.

What these gurus never seem to mention however is how someone starting out is supposed to secure commercial lending when the requirements are so much different than residential.