We haven't even started to look at your Return on Equity (ROE), with will also be horrible...since you're not making any money.If I were in your shoes, I'd do one of two things:Tap into your home's equity using a HELOC and use that cash to purchase/down payment on a MRF.Sell your place, you'll probably clear ~$150k, right? 

Currently I do all my business as a sole proprietorship.

Hey Dave, I could be wrong about this and although he is not local to NC, @John Woodrich might have a definite answerBut is your LLC a sole member pass through?

I feel fairly comfortable on how to at least approach the renovation side of the business and some experience on project estimation, but entering and exiting the project are less familiar.Is this best done as an LLC, or a sole proprietorship?  

Yet, not that many years ago, my best friend own a 32 unit apartment building, does not keep books, receipts are kept in shoe boxes, and eventually given to his accountant a little before tax time, or sometimes after.

Please be sure to remove your shoes, lock all doors and turn off the lights when you leave. 

Turns out a DIY added-on bedroom was sitting on solely wood walls!

@John Thedford of course, that was really my sole purpose of making this post.

There will be someone there who has been in your shoes and can talk with you about options. 

We have had great success renting solely to military in Beavercreek.