I intend to use the LOC to pay for rehabilitation, down payment, and/or holding costs that will be necessary to buy, rehabilitate, and then immediately resell residential properties for profit in Colorado Springs, Colorado.

Any of the books authored by the Bigger Pockets team with their co-writers, including myself, will do just fine.What exactly will you be doing with your new firm? 

Also, download my floor plan creator for your android, make a floor plan and post it your real estate ads. 

These commissions will be around $100k, split 50% to the Co-Broker and then split 50% to the Salesperson.

( In case I have a missed connection or you'd just like to connect, feel free to reach out - I am the CO RE broker who specializes in STR/Vacation & Investment properties + owns a unique themed STR :)

With that said, for my friends first flip he contacted a co-worker and was able to access money from the friends IRA. 

You also don't have to deal with deductible or co-insurance if your tenant's insurance pay for a small kitchen fire.

TSP walls, prime with killz (they actually have a water based product now called Restorer that I’ll be trying soon, so much nicer than oil based and my friend who owns a restoration co suggested it), paint.

I live near Boulder, CO and people there routinely offer appliances for sale on Craigslist because they want all new ones that "match".

If the market softens going into 2023, you would be getting the capital back in time to make a purchase on the dip, and you have made some monthly cash flow in the process.There is a book on BiggerPockets about private lending that Beth Johnson and I co-authored, so this happens to be my preferred strategy.