If there is any way you can avoid marketing to section 8 you will be far better off especially in regards to the quality of tenant you will get. 

Write your goals down and write down a step by step process of the requirements to complete each chapter. 

Hi Jayson, In some cases it can be a great decision.Take a look at the cost of capital the HELOC or refinance is going to give you compared to what you are looking at now.Also look at the income generated/write offs/appreciation that a rental property is going to give you.If it is going to yield you positive results, I say go for it!

You have plenty of spin off podcasts for the other hosts/ topics.  

The Attorney Generals office which was tasked with this, and already had a guidance memo that wholesaling was unlicensed brokering, did not have the resources to pursue the subject.So by requiring that the act requires a license, shifts the burden of enforcement primarily off the AG's office and to the MREC, who has a narrower of focus of protecting the public in matters regarding real estate.

However, the LLC will need to chip-in financially to help complete this renovation.My general question is what items should the LLC cover and which should my father cover for best tax benefits?  

You will remain responsible for the rent for up to 2 months - but what we will do is turn on our marketing, find a new tenant, and as soon as we get them in the unit, you will be off the hook for the balance of the 2 months owed.  

So I guess when I do BRRR, once I get refinanced, I pat off the debt from credit card and re-do BRRR I guess?

@Brian Burke so pretty much the investors' capital would only be paid down or off in the case of sale or refinance, correct?

Of course, consult with your tax advisor.