I have to chuckle a bit at naming the "worst" villages to do rehabbing in based on how tough inspectors are.

A general credit line, on the other hand, could be secured by other assets or unsecured, and doesn't necessarily involve your home equity.HELOC Characteristics: - Uses your home as collateral - Usually has a lower interest rate than unsecured credit lines - Typically has a variable interest rate - Allows you to borrow up to a certain limit, repay, and borrow again during the draw period - Can be used for various purposes, including home improvements, debt consolidation, or as an emergency fund While it's possible to use a HELOC for RE investing or rehab projects, some lenders may be hesitant about this use.

I felt like maybe a financial planner would be helpful here, but I’ve realized they’re very expensive even for just a fee-based consult and I’m not really looking for someone to create an entire financial plan for me right now.

When I mentioned you "Sell" the land they need to own it to use the lands equity.In the LLC or partnership agreement you can assign an ownership percentage based on the value of the land.

Thanks Hi Mitchell, did you end up signing up with RESimpli? 

Tulum grew from 28,000 to 49,000, received an airport in December 2023, and the greater area is now projected to reach 410,000 by 2035.I am now interested in setting up some cash flow concepts on certain plots of land with natural features and strategic locations.

They can provide specific advice based on your situation, goals, and the nature of the property.Sorry this post is a lot longer than I intended. 

If the deal blows up, find another and start the process again.Keep in mind that a goal without a deadline is just a dream.Light the wick!

Based on a quick analysis, you're looking at a ~4.2% cap rate (Before Debt).

Me not being an accounting guru....depreciation was a bit tricky to set up, however they have a few guides, customer support may walk you through it and searching via google will help you put the correct entries.