It costs less than $500 to start an LLC and about $1,500 annual for LLC tax returns.It should save you a good amount of coin in the long run and provide an additional layer of liability protection. 

Liquidate an IRA and pay the taxes and penalties? 

Keep in mind that they usually find additional damage once walls are opened up and that will cost more.

Since we have additional cash to put the required down payment on a conventional loan I'm inclined to go that way and avoid collatoralizing our primary residence but can someone help me understand the key differences between HELOC and HEIL and why I might be wrong in choosing a conventional loan over the existing equity options?

I’m looking to do an investment using retirement funds and I’ve read a lot about the solo 401k and the self directed IRA.

Among the benefits of this are:1) you can claim the deduction even if you do not itemize your tax deductions2) it can lower your AGI, which may make you eligible to claim additional tax deductions or credits

I think the best way to evaluate an additional investment is "Return On Investment".  

Retire , additional income , ?

There is an additional acre of land that can be subdivided and sold off that was once part of the original farmland about 200 years ago.

For me it is really hard to imagine that people can purposefully act this way.What is even worse is that Cama Plan IRA has brought him in to do talks such as "flipping 101", etc.