There are 4 open permits (kitchen remodel, bathroom remodel, carport, and driveway extension).       

Since the Series LLC is an LLC, the law is just an extension of state specific LLC internal liability shield law.

My wife's brokerage does work fairly extensively with veterans seeing as how Oceanside and the surrounding areas are military heavy.

Old homes in my are need extensive repairs and new homes are too expensive.

In my area depending on how extensive the repair, probably starts at $5000 and can go up.  

If anything, that extension of credit may be more valuable than the down payment.You can look at the deal like a pie with the obligations being split on the same line as the benefits.

He bought it when  the location was a D neighborhood but now its a solid C or C+ with a very promising future as it is located within 3/4 mile of the streetcar extension line.

My thoughts was if need be ask for extension on closing, put our 25% down payment, and when refi is done, turn around and use HELOC again to cover portion we were going to finance.

Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).If you are self-employed with no full-time employees & you can rollover the funds, you could set up a Solo 401k, rollover the funds and take a 401k loan from the Solo 401k.

With the extensive fair housing laws these days, I feel it's important to advertise your criteria and I do that by sending out a tenant profile to every inquiry before I go any further in the process.