I am looking for some creative ideas or combination of loan types to put me in a position to buy land (maybe owner finance?)

The home loan was based on your combined borrowing power.

To add we have had 2 people that entertained the call.

You want to make sure that it's paying itself down not just maintaining the HELOC.Some combination of that and cash should be pretty favorable for you!

Greetings, we are beginners with str investing, went under contract for a new construction house, 3/3.5, 2000 sq ft, across the street from the beach, good area with many restaurants and entertainment.

I personally wouldn't entertain the gift option as I think its an unnecessary step and it can take significantly longer. 

.* The preceding has been my opinion only, the views are my own, and are intended for educational and entertainment purposes only and does not constitute financial advice.

Combined rents on the property net roughly $4200/mo after expenses (PM, taxes, ins., etc.) 

Or any combination of these.

You will find the highest number of Arab restaurants/grocers/entertainment here and a great and thriving community.Hey Aditya and nice to meet you!