Each lender has their own standards or parameters, such as draw period, FICO required, whether it is interest only or principal and interest, whether you can lock a portion of the HELOC or it is all floating interest rate, etc.

I absorb as much REI content that I can find online and want to expand my horizons with others' experiences. 

We only loan EMD on a wholesale basis that has an inspection period of 14 calendar days and requires mutual release of the EMD funds; it's in the contract.

This weekend, I'm dedicating 15 hours to complete the necessary requirements.

Foreign National is generally ran through DSCR since it does not require income. 

Step 2, open a bank account (you'll need an EIN, which you can get online from the IRS at this link https://sa.www4.irs.gov/modiein/individual/index.jsp.)Step 3, sign a deed of your property into the LLC. 

Florida statute 713.08(5) requires a claim of lien be recorded within 90 days of last providing goods or services to the job. 

Is court  involvement required?

I'd purchase a second home and fulfill the loan requirement for stays etc.

I would suggest to listen to the BP podcasts and read as much as possible online and here in the forum.