I'd also love to chat about a few details.As far as I understand, non-citizens can only own property through a bank trust, so the property basically belongs to the bank, or through a business.

No, that's not how hard money works, that's where the traditional banks play.You are looking for a bridge loan essentially, something that will bridge your project to traditional financing.Bridge Plus from Lima One Capital as a for instanceThe spirit of the BRRRR is two loans:Take your hard money to do your rehab, they will finance a portion of your repairs as well.

For instance,When the market crashed, the banks had too much debt and the FDIC mandated selling the notes and/or foreclosing on the homes before they would have more cash available to lend.

Does anyone know of a local bank in Clearwater Beach that will do a loan like this with better rates and higher LTV?

Have any specific banks, lenders or brokers to refer?

@Michael BarbariDo First Midwest Bank lend in GA? 

I like to think of it this way:If I know my bank will do a cash-out refi of 80% of the appraisal value (after fix up of course), then I start with that number.Say, after fix-up, a property should appraise for $150,000. 80% of that is $120,000.

Hi,Does anyone have a bank they would recommend for getting a HELOC on a rental? 

You become the bank.

The new deal is a foreclosure, that I tried to buy from the deceased owner's family before it went to foreclosure, and so I'm buying from a bank at a higher cost probably