Considering state laws, fees, insurance, and tax implications can help you choose the best structure for your situation.

We each hold a 50% interest in the LLC.The values of each house are approximately the same, and there are no loans or outstanding debts.He wants to cash out so we thought a good strategy might be for us to sell one of the houses, and let him take all of the proceeds, and for me to take full ownership of the other one.Essentially, I am looking to swap my half interest in one of the houses for his half interest and the other one.

(Yes, I know everyone wants to sit out their high horse and say to get permits but it's different when you are eating a 12% loan while waiting for someone to check your project).Have you spoken to the city about what type of permitting you need? 

My current situation: I found a buyer ready and willing to put down deposit before the rehab is even finished.

I have $50K in debt with a payment of about $1220 in a consolidation loan that will be payed off in 3 years.

After doing research I learned of the DSCR loan.

Hard money loan through community bank.

Did a "hard money loan" with family using gift tax exemption and trust as collateral (despite what Dave Ramsey says, my father and I have an incredibly strong investing and personal relationship).

Seller Financing on Market Properties:- Yes, it can be used for on-market properties with motivated sellers.I am a Loan Officer licensed in multiple states, so if you would like to discuss further please feel free to reach out to me directly! 

Everything else in the area is selling for 440-460k and still needs 40-50k in cosmetic rehabOur client is putting 10% and using an FHA loan.