It's a great first step to manifest your future reality. 

LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.

To them a 5 year old roof is in good shape for the near future the same as a 18 year old roof.

@Chad Gardner - this is one of the most common questions we get from potential/future househackers. 

@Jessica ZolotorofeHello From the Future ;)Ive spoken to a couple title companies, and transactional lenders and I have not heard about double closings/backtoback closings being illegal.

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

However, neighborhood limitations may cap future appreciation.

Finding the right price does not associate with market stability or future performance assumptions.

Best of luck in your future investments! 

You will need this money in the future.