I already understand that MN and my home state OK have license reciprocity, and know what the process is to get it transferred over.

Unlike the traditional 30-45 days that it takes to qualify and close a home through a bank, closing Sub 2 does not involve any banks or title companies.

Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.

We own a portfolio of homes in the Miami area (Surfside, Miami Beach, Bay Harbour...).

The homes on the lake start at a million. 

Contact Bill at 443-840-9152 or visitsites.google.com/view/qixfix/home

Older homes are quaint and charming but require more maintenance.

and why is your primary home in a LLC? 

The home got 18 offers and went for 12% over list price.

I am looking for any information I can find regarding building a community on a large parcel of land, selling the homes, and collecting lot rent.