HML these days do have buy and hold products @Aaron Klatt  in the 7 to 8% range..Visio is one they are out of TExas   LIma One has some too they are out of Charlotte.but just because its hard money you still have to qualify just like a bank loan .. these are fico driven and equity and ability to operate driven just like any loan.

There is a great Investor Network here to aide your growth, best of luck!

I'd like to set up a LLC to protect me and any future assets I acquire but not sure how that will affect my borrowing ability.

I live in San Jose, and this market is notorious for making people lose faith in their ability to purchase. 

Instant gratification is the goal, not growth or development. 

There are some other lots in the area and we are curious if it’s a good investment still given the crazy growth.

You won't get all of that with brokerage account (although some may offer check-writing ability) so business checking account would be the way to go. 

Since its a older home the wood is old growth lumber which is a much harder, denser hardwood than what we have today.

ok I know this is not until February 2019 but I am excited and have never attended the 10x Growth Con’s in the pastBeen a huge GC fan foreverAnyone else going?

@Travis KemperLook into what’s called a Letter of Intent, LOI, which is used in the multi area as a sort of “pre-offer”.After that I’d encourage you to submit what they request and as long as you have a due diligence and a separate inspection contingency you should have plenty of ability and time to back out.