I'm curious about the movement of funds from a Heloc to and LLC and then back.

Just be prepared for deep discounts and slow movement. 

Monthly mortgage: $1,842.23/month Interest rate: 2.75% Lender: Movement Mortgage Projected midterm gross revenue $5K/month at $167/night (focus is corporate housing & insurance claims NOT traveling nurses)Total all in cost to reinstate, pay everyone involved and fix up the house = $30K + $249K balance = $279K House worth $300K - $310K todayWhat are your thoughts!?

Love that you’ve set a clear 6-month goal - that kind of clarity puts you ahead of the game already.Since you mentioned you’re new to real estate and aiming for multifamily, I’d gently suggest considering single-family turnkey (SFT) rentals for your first deal - here’s why:Why SFT Might Be a Smarter First Step1.

It's best to reach out to the inspector directly and get a better sense of how serious some of these items really are.The cracks in the wall could just be cosmetic, but they could also hint at foundation movement (worth asking your inspector directly if they recommend a specialist).

There are many cosmetic issues which can be fixed but had concern from inspector on foundationReport - "Monitor: It might be wise to get the foundation remeasured within the next year or two to better evaluate the rate of movement.

Especially in a tight market, those types of deals are fewer and far between — and they often go to people who already have a track record or network advantage.One thing I’d gently suggest: if you had put the same energy into a side business, freelance work, or even a second job, that income could’ve been used to fund a traditional deal, increase reserves, or qualify for better financing.

.🧭 Who This Strategy Is For✅ Builders✅ Investors✅ Homeowners who want to build and sell off a portion of their lot✅ Families who want to share land across generationsThis strategy works beautifully for:Urban infill lotsCorner parcelsDeep lots with alley accessRedevelopment opportunities in high-demand zones📋 What You’ll Need to Do ItTo condo a project, you’ll need:A platting & condo attorneySurvey & site planA simple HOA agreementMarketing that attracts owner-occupants or mission-aligned buyers💥 The ImpactCondominiumization isn't just about making more money.It's about:Creating attainable ownership in a high-cost marketSupporting gentle density that fits the neighborhoodHelping Washington achieve its housing goals without high-rises or sprawl

when your average house is 500 to 700k who is going to pay that to tear it down.and there simply is not that many vacant infill lots  U may see some movement but nothing that is going to be earth shattering  just feel good..

You can also gently remind them of occupancy guidelines if those apply, but always approach it fairly and without discrimination.This way, you protect yourself legally while maintaining a good relationship with your tenants.