The local banks then typically want 20 year amortization on a long time remaining on primary term of the lease and at least 35% down.Sometimes you can land a ground lease in a strong suburban area because rent cam sometimes be half of a regular NNN property with land and the building.

Of course, brand new homes are difficult to make sense of as rental properties due to pricing/cashflow issues, so I assume most of your question revolves around the quality of the location and the likelihood of appreciation in the future.North Las Vegas is comprised mostly of B/C/D areas - this specific location (also Aliante) I'd put in the B category.

For these first two you get them in a lump sum, but the minute you get them you start accumulating interest and owe on them in the first month.HELOC means the same as a home equity loan, except it's revolving like a credit card and they don't just give you $50K - it's a $50K line of credit.

This doesn't mean a disclosure provided by the seller but the disclosures provided by the association or their CAM. 

I have a Home Equity Line of Credit on my primary residence with a 100K of available credit and a zero balance.I have 80k in my 401k and can borrow 40k to invest with I have 90k of available revolving credit on 6 cards of which I can get 0% financing for 12 months on 40k In total I have 180k to invest with.

Secured is also different than unsecured revolving.30 percent debt to limit on a HELOC isn't going to make someone's score plummet.

I suggest you talk to your CPA figuring out what is best for you.Many people today do not tap their HELOC or revolving account they just sit there like you.

When you build a new building cam per sq ft starts out low to tenants then as it gets fully stabilized the property taxes get reassessed.

In a perfect world we would like to acquire a revolving line of credit minimum 200K that we could make use of when needed and not pay finance fees until it's used to purchase or rehab. 

If you had 25% down, good credit, and zero debt (all accounts/revolving/installment/mortgages paid off or to zero) you could potentially qualify for the property as a non owner occupied (aka investment property) and you have low personal housing or rent that you're paying or you live at home with your "parents."