Appreciate your insights.

I'd recommend speaking with your tax advisor to discuss this further as what I said above may be outdated as I know the Inflation Reduction Act changed a lot of the energy credits for both individuals and businesses.

Hi Hoa,- Hard money is fast efficient, expensive,  it has high rates and points and shorter term 6-12 months or less typically with extensions available- HELOC typically has no points but prime + 2-3% margin right now is almost the same rate as hard money and closing costs are a lot less than hard money and you can rinse and repeat and reuse it after paying it off so yeah overall its better than HML (hard money lending)Thats just the beginning of your research, the reality is in real life you might need both sources, make sure to have both ready and start with the best execution or option first and always be ready to use the others if the need arises.rehabbing is messy AF especially on older housing Illinois housing stock from 1895-1940's.

I appreciate any insight!

The renovation budget from this loan allowed us to replace the siding of the property and repaint the property as well as make other changes to greatly enhance the curb appeal of the property. 

I am in the last stage of a whole life insurance policy application.

Very insightful post and obviously the results of extensive research.Just two points I (somewhat) disagree with.1- yes, Texas does have the “best” foreclosure laws for lenders in the nation.

As I continue my renovation journey and explore ways to enhance my home's value and appeal while saving money on insurance costs, I would appreciate any insights, tips, or advice you have to share.Thank you for joining me on this journey, and I look forward to hearing your thoughts and experiences as I continue to navigate the world of homeownership and real estate investing in Florida.

imho its way too long, and lots can change in 20 years. 

They can change quickly and, as you'll hear, Detroit can be very "block by block".That said, there is a TON of opportunity if you understand the landscape and what you're doing.