Cheers, MarcusThank you Marcus, capital raising is doable at my current job with the high-income earners in our department.

But you must have 25% equity in the departing residence. 

if you are the 100% owner of a legal entity that owns the property, and have conduit tax treatment, that is still two different entities--you the person and your LLC or corporation, so an attorney is required for court filings and appearances.Be aware that even with a turn-out order, Jefferson County sheriff's department is running 3-4 months behind in serving them, so sometimes cash for keys is the only economically sensible solution if you have a saavy deadbeat tenant.Only an Alabama licensed attorney can prepare documents that transfer title, such as a deed.

So with a private lender you are typically working with the decision maker vs with a hard money lender you have a rep who has to execute what the underwriting department dictate.

I know it sounds like I'm splitting hairs but some banks write HELOCs in their residential department....which won't write Investment Properties.

You would need to contact the Planning/Zoning department in the municipality where it's located (City government if there is one, County government if it's not inside City limits) and confirm the zoning of the parcel, and the permitted uses, setbacks, and density requirements for that particular zoning designation. 

Section 122.03, must be filed prior to the close of escrow with the Department of Water and Power (LADWP).

Call or visit your local Building Department....

@Tom Reynolds you can certainly depart your home and keep as a rental under the VA guidelines, however you absolutely must have a good, verifiable reason.

You can also call the building department and ask questions.