I've used to it myself to analyze all of the 35 units I bought over the last few years and personally talked to 100's of other investors who've analyzed and closed on great deals using it.I'd love for you to actually try it and would be happy to receive and incorporate any feedback you have into future releases.

Some manufacturered companies treat it as personal property not real property.

We purchased an RV last year under our personal names that is primarily used for business travel.

@Michael Plaks comments in this recent post on making sure the person you hire understands real estate sounds really relevant to your situation.  

Either way if you personally guaranteed the note, yes it will affect your personal credit no matter who the property is titled to.

In the event that there is an emergency, the person would need to be able to exit the apartment via the window.

I have personally seen the "Deed in Lieu in escrow" tactic with two different private lenders in Louisiana.

I agree with the person who said they are likely short of money and grasping at straws.

Does anyone know an investor friendly tax/attorney person that I can talk to and can guide me through this process? 

While I don’t yet have personal experience with a HELOC, I’ve thought about this one for my self many times.