I want to be very careful to maintain the limited liability an LLC affords.

I’m considering using a HELOC from my residence.

That said, it seems to make sense conceptually, so I'd be interested in more experienced opinions.In a nutshell, we're thinking of taking out a HELOC on our home, buying a piece of land, building the shell of a house on it, renting out our primary residence, and then going to live in the shell of the new house as we build it out into an off-grid homestead property a little at a time.

Be careful about selecting a tenant, but it seems to me that maybe your current tenant may be locked in at a low rate.

California has specific mold laws - I suggest you read up on themCalifornia's "Toxic Mold Protection Act of 2001" authorizes the state's Department of Health Services (now called the Department of Health Care Services) to set permissible levels of indoor mold exposure for sensitive populations (like children, or people with compromised immune systems or respiratory problems).

@Bart Van Leijsen this one is in chicago in the austin neighborhood, it was posted on loopnet, full rehab was not necessary, we did have to do 2 extensive unit turns but otherwise we're just taking care of deferred maintenance over the course of year one. would love to help you achieve your goals!

Best part is...when it's time to move on, you just hand back the keys and you're on your way and don't have to spend time caring for the property while you're visiting.  

The click lock looks a lot better close up if its done right and I think it's more durable.I dont care so much about brand as I do wear layer. 

Investment Info:Single-family residence fix & flip investment.

Investors care about the numbers.