I’ve been told by many local banks and credit unions that they will not do the deal.

Community banks can give you a good idea of expenses, along with property management companies.Property management is another market driven, and also number of units.

Same question for the Bank account, as the bank needs to issue the 1099-INT form. 

Lastly, just coming from the banking/lending world. 

Quote from @Matthew Banks: So apparently many insurers won't give us insurance for a property that has students (undergrads or grads) living in it.

An example of this would be mixing your personal money and LLC money in the same bank account.3.

I guess it is the same thing technically to include them as a credit to buyer, but then you should immediately place them in separate bank accounts and not commingle funds as I'm sure you know.  

Narrowed down to two banks and was negotiating with them. 

Which Bank did you use to obtain the HELOC?

If you’re planning on banking on appreciation, it’s crucial to buy in a location with strong demand drivers like proximity to tech hubs or transportation.On the flip side, if cash flow is a priority for you, you might want to consider looking outside the Bay Area, in markets where the rent-to-price ratio is more favorable.Exit Strategy: Always have a clear exit strategy.