It also depends on the extent of the foundation damage and repairs, I have done minimal slab crack repairs on flips and disclosed to buyers, without any issues, and I have also done more extensive slab repairs with plans, permits and inspections, and also disclosed to buyers, without any issues. 

Any suggestions on that?

I am planning to use this business (SMLLC)  to build the houses on my lots.

All depends on state and when that was recorded as if it was in foreclosure it was probably a judgment on recordDid you not review title or information before buying this at auction?

(whatever it is you use).Some people borrow against their personal residence with a HELOCK for this needed cash, but I've seen those go bad in several instances, and the results were not very pleasant for the borrower.In many instances working a second job can allow you to set aside cash, or you might inherit it, or find a cash filled partner.But the bottom line is, initially your success is measured by how much cash you have to invest.And be careful of Hyperbole.Good Luck!

If you have any feedbacks on whether having brick and mortor bank is necessary would also be appreciated.thanks

I'm self employed, no other "job"I have STR insurance policies that show a line item for Loss of Business Income.

Possibly a non licensed partner could pay the bird dog fee while you focus on the agent side of the business.

How are you making a return on this?

I appreciate your concern regarding the impact of Tropical Storm Debby on our area.