Just make sure you factor in all costs and find out if your heloc allows rate locks and interest only payments.... the goal would be to pay off HELOC ASAP and then use it again to invest in the next property....

Tax wise no, the actual return is higher than 3% but if you're comfortable locking up funds for 6 months, 5% doesn't look terrible to me.

Then change the locks and list it with a realtor that only answers to you. 

Tenant left the key in the lock box and the contractor, a handyman, took care of repairs.

Some places are evening putting behind the counter now or in locked cases.  

After a little back and forth we locked in a no-brainer price for me.

Getting a full, locked loan estimate is the only way to truly compare the two. 

That way you get your trades down and locked in...you know the building officials and all the other details that go into building.Best Wishes and Good Luck.

So you would have to get a commercial loan if going straight to the LLC - which usually has worse terms (shorter rate lock period, shorter amortization schedule).USUALLY, you can borrow personally and then deed it to the LLC after the fact and as long as the LLC is owned by the borrower you won’t trigger a due on sales clause.  

However, don’t feel locked into one person or company.