Also if anybody has any suggestions on books to read on the subject of HELOC financing or any similar methods I would greatly appreciate those recommendations as well!

Aside from the items that you already suggested, the only other thing you can use to verify the stated income is the seller's bank statements (not all sellers will release their bank statements, but some will).The expenses will vary a bit from owner to owner, so you're better off reaching out to a local property management company to get an understanding of how much things cost, unless you plan to self-manage the property. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

But all help is appreciated here as someone new, and if there is something I can do, please list that suggestion(s).Thank you.

This is pretty simple.

@Andrew Jessup I would suggest going into a land trust first that is owned by the LLC (not in California) and then that owned by your living trust. 

FYI, one of the BP guys suggested me another name which I have spoken to yet but just want to see reviews about FrontLobby.

I saw a Bigger Pocket podcast episode that suggested arbitrage as a great way to raise funds for real estate investments and projects.

I highly suggest though if you have spaces to fill talk to Legacy Homes.

I have no experience in the field and understand fully it's not a simple endeavor.