Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

My regular monthly electric bill doesn't come close to $250.When did the PM change over the utilities relative to when the tenants left? 

Originally posted by @Justen Rider:Mark Matos, you said you closed a loan with them but later said you canceled before closing because they tacked on tons of fees before closing.

There may have been better choices for a rental at the time.  

So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case. 

I am currently under contract with a wholesale deal that was to close on Monday.

Quote from @Shawn Questa: A few times I've reached out to Cash Buyers and they would tell me that they are a part of an Investment Group and that they are ready to quickly Close Deals would be happy to work with me.Later I would come to find out that they are actually a Group of Wholesalers, like me.I guess I would prefer to Work directly with the Investor, Cash Buyer or Flipper. 

(For example, IF I was able to purchase the first home (multi-family) outright, paid-in-full, then use a HELOC to pay for the down payment and closing costs for the second home, would that be a smarter approach?)

You can use your commission for down and closing.  

Until 2018, when it was closed due to low revenue and high maintenance costs 2.