Connie this is not true.. there about 15 states that require state license and NMLS in CA you can do HML with a RE Broker license legally.. 

Always ask for references and examples of similar projects (pictures)The Red Flags you have to Avoid:Lowball bids (too good to be true often is).Poor communication or delays in responding.Hesitation to provide references or sign a detailed contract.Cash-only deals or pushy behavior to secure the job.

And it's one of the few, true, "set it and forget it" investments out there, as there is no maintenance and virtually no risk - the only risk is a US Government default (which would be apocalyptic and thus one of the few things our gov't would never do). 

Not always true, however typically HELOCs will go to a max loan to value ratio of 85, sometimes 90%.

This website would include a walk-through video, more photos, information on what to do in the area, shopping recommendations, places to go, and things to see.

It is important to note that the information provided by the other poster above is only true when you purchase the property first as your primary residence.

Not every lender is the same, continue shopping around until you find one that meets your needs.

Its sad, but true. 

Commercial PML will do the same, they'll have the credit and b.g. inquiry.You mean a true Private Individual with capital for lending? 

They will shop the available options for you and present you the best options while pointing out where the policies differ from each other.