A fellow investor suggested a “Credibility package”.

I don't think a bank letterhead is necessarily required... but I would imagine this lender would submit a proof of funds that appears to credibly represent their available cash.

No, he's required to use one selected by a third party company if this is through any government-backed loan.It's not unusual to have a seller pay for a 2nd appraisal.  

The state law governing the "foreigh" LLC won't apply in a NC legal action. 

@Bridger L Logan If you're using a government backed loan (Fannie/Freddie)...you're looking at anywhere from 3-10% down (lots of variables here).

It is a law, not a department of government.

I've not once, ever, done a BRRRR-related 85% LTV cash out refinance, usually people doing that are refinancing out of FHA and into conventional to drop the mortgage insurance. 85% LTV FHA Cash Out refis are either FHA-to-FHA, or conventional-to-FHA, the opposite of what BRRRRrrrr people are doing (FHA-to-conventional)... these people are refinancing to sign up for mortgage insurance, all for that little extra 5% (they they are paying 35% of it towards fees) they want.And these are FHA loans, which means government insured, which means taxpayer on the hook.

I've not once, ever, done a BRRRR-related 85% LTV cash out refinance, usually people doing that are refinancing out of FHA and into conventional to drop the mortgage insurance. 85% LTV FHA Cash Out refis are either FHA-to-FHA, or conventional-to-FHA, the opposite of what BRRRRrrrr people are doing (FHA-to-conventional)... these people are refinancing to sign up for mortgage insurance, all for that little extra 5% (they they are paying 35% of it towards fees) they want.And these are FHA loans, which means government insured, which means taxpayer on the hook.

What are some strategies to gaining credibility as a new agent?

Never realizing that we just gave the government an interest free loan for a yearThe original question was how to sell an investment property and a primary residence and position those into a house in NM.