Cities making the list were expected to outperform other metro areas when it comes to drawing new residents, attracting new businesses and offering companies lower rents for office or retail space.Austin and the other nine metros were selected after being judged on 25 categories such as GDP growth, unemployment rate, median household income, consumer spending, number of business openings, population growth and building permits for each major market, among other categories.https://www.bizjournals.com/au...

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

With a HELOC I only draw what I need and then pay off the balance.

A couple pointers: don't hire contractors that want draws based on % work completed.  

If it were interest only on an HELOC, probably around $75/m during draw period, so a cashflow of ~$245, including the same figues.If I sold as-is, for, lets say 150k, I would expect profit to be ~20k after paying closing.

The draw checks will be made out to both of you.

Currently Im drawing plans, and working with my drafter.

I have the permits,drawings and trades lined up for a 700sf building to be built in the backyard. 

I would negotiate the price, draw up the contract that locks me into the purchase price and then I'd close on my purchase and sell the house same day after the renovations were done and a buyer is identified? 

But as the end of that lease draws near, repeat step 2 with this tenant.4.