But since there is a limit to how much money the bank has access to....their rate will be higher...and usually a shorter term.

By trying to limit their liability with an LLC, they have done exactly the opposite by having a property with no insurance policy on it.

I'm currently looking at acreage inside City Limits with an opportunity to develop but the problem is that the property is in a flood plain.  

Limited supply, large population centers, tend to be strong markets.

Check into this.Now, the above is semi-moot if you aren't using the LLC for limited liability purposes. 

A couple of the things you'll want to keep in mind (if you don't already know) is that you are limited to the typical cash-out guidelines for LTV and such, and the pricing on the rate is the standard cashout refi pricing, which is a bit higher than purchase loans (but not typically exorbitantly so).

No limit on the number of financed properties unlike Fannie Mae and Freddie Mac (Bankable loans).

So that is a fairly limited market....as you go up the price range it gets thinner, and as you move down to $2100/month or so it gets stronger.   

There were income limitations and some other rules, but it was not restricted to federally backed properties. 

I provide sole employment to 2 unlicensed handymen (they are self-employed but pretty much only work for us).In my market a license is required for jobs above $600 (I believe it is still a $600 limit).