I don't deal in raw land and never even heard of land flipping until this thread.

We also don't have a redemption bond, our mortgage company didn't require it and we didn't even know about it honestly when we bought the property back in 2022 (we've waited this long for mediation and a trial date). 

All banks require this even if you have an LLC. 

As a viable alternative to explore with a lender, consider the advantages of a 5% down conventional loan, or even less for qualifying first-time homebuyers, which often comes with less stringent property condition requirements. 

There are CRMs like KVCore that can accomplish this and works best if you tie it into your website and texts so that they can easily go to a single place for completing it.

Hey everyone, I am learning to get into RE investment field, my plan is taking out equity of first primary house to buy another one for rent (single or multi family).

Purchase price: $118,000 Cash invested: $30,000 This is a single family property this is rented by the room.

If you sell the property for what you want but decide to be the bank, you can send up with a fortune even if the house did not turn out exactly the way you wanted.

To be clear, I never facilitate both the Real Estate & Mortgage roles in any single transaction, but I do when possible try to work within my own organization or team for cohesiveness and reliability of transactions. 

There's a chance you won't get $900, but if you're worried about not even hitting 1% rule, I think you'll be ok.