Reason for the LLC is I have 180k of equity in this home, additional 150k in retirement savings and another 60-80k in cash in my bank account and I want to make sure im protected if I rent it out and the renters sue me (im told that is a thing) - the nw home would become my new homestead2) Put a heloc on the home (im told I should be able to get about 100k on top of about 60-80k cash I have), keep it as my primary and use the money as a downpayment for flips and either payoff upon completion or put a tenant in and refinance out3) Refinance out 90-100k from my current home, mortgage payment would go up $300 per month ($3600 a year) and just use that money for flips/buy and holds or even just stick in the S&P at an average of 7-8% return so I am making 3-4% more on my money then it being in the houseI am super new to all of this, have been saving my pennies up for awhile and need to get going. 

I kept going and just kept plowing the money back into rehab and buying more houses and never really thought about a monthly income amount. 

Originally contracted to wholesale this Dulpex all offers were coming in low so we took it down with hard money and fix and flipped it How did you find this deal and how did you negotiate it?

The most sense I can make of it is that if I wanted a vacation home, but didn't want the burden of the entire cost, then I could use it as a STR so I can make some money from it when I am not using it. 

@Caitlin Logue A smart person will learn from their mistakes, a wise person will learn from others mistakes.

Originally contracted to wholesale this Dulpex all offers were coming in low so we took it down with hard money and fix and flipped it How did you find this deal and how did you negotiate it?

Would I have to move the money into my original LLC checking account at some point?

Kim's recommendation of starting with NARPM PM members is definitely a wise way to go. 

Unless it's a tremendous amount of money, it will probably be more trouble and cost to collect than you're willing to get into.

Pompano is trying to put a lot of money in the area by renovating local parks and community centers, but the gentrification of the area is still in the beginning stages.