That being said, it also depends on the product being purchased. 

These are unusual times, so I may be willing to get a little creative, even if it puts me at risk. 

The private investor I'm working with is financing this property to me at 8.5%, so I'll be refinancing in a few years after I build up enough equity.

I'm interpreting it to mean anything above and beyond merely holding a non-productive real estate or personal property asset means that you're running a business and would not qualify for exemption here.Operating rental real estate would certainly be more than merely owning the real estate asset.I would register the LLC as a foreign company with the GA Secretary of State. 

As strange as some of those may sound, since HELOCs are just products of the individual lenders that issue them, each lender can make up their own rules.  

We JUST finished a BRRR and are ready to refinance out of hard money, and then COVID happened and now the product we were using is no longer available.

Are MBS products sold daily, weekly, or monthly?

Again, we open all projects to the studs to provide the best finished product, and ensure no safety/code issues upon completion.(3) All costmetics is very broad; however, if you're talking paint, flooring, trim, lighting, door knobs, etc, this will be a very big number.

It'll include pages such as deal highlights, the deal analysis, cost of all products down to every dollar, and of course return simplified and detailed.For the lenders, when someone brings you a new deal to invest it, what are numbers/figures/details you need to see to continue to the next phase of the deal, to know if it's even worth your time?

You can't assume you can get the same rents with less product.