Feel free to reach out if you need further assistance or have any specific questions - would be happy to help!

Using an LLC can offer more legal and safety cover.

We took the first offer that we got, we did not want to take a chance.

CJ continue flipping with your 100k and based on your income you may be able to qualify for the City of st pete down payment assistance program up to $60,000.  

Any resources who can help us structure this (other than https://www.nationalfamilymortgage.com/ who does not offer support in our state)?

Offering preferred return?

Instead, they typically employ a sales comparison approach to determine the property's worth, using the income to calculate the DSCR, which usually needs to exceed 1.0 for most lenders.Assuming you have a solid track record with the property and there's enough equity in the deal, leveraging the After Repair Value (ARV) on a sales comparison evaluation could enable you to refinance into a bridge loan until the necessary work is completed.Maybe a mortgage broker specializing in traditional loans could offer insights into construction-to-permanent loans

However, it allows you to use the vacant rents of 75% market rent as an alternative income to help the borrower to qualify.Happy to connect and assist you in your real estate investing journey.

With that amount of equity you'd likely qualify for a HELOC on your primary residence to access that equity to buy an investment property or to buy a new primary and rent out your current home - the latter is what I do personally and all of this is what I offer my clients professionally. 

It's crucial to look beyond just the lowest rate offered on a verbal or preliminary basis.