Generally speaking if you don't have any type of revolving accounts now you might want to get them because when applying for a loan more than likely they will want to see atleast a years worth of payments.

If not, is there somewhere in the leases that charges CAM's: landscaping, plowing (if needed), or cleaning the parking lot?  

There is no issue with giving a past owner an option to repurchase that I'm aware of in our area, a lease-option cam have a different flavor, so check with a local attorney.The option could be made with a third party who in turn agrees to sell back to the original owner, I think adding a buffer or strawman would clog any path back to you if you're not a party to that end transaction, you'd be letting someone to act as a wholesaler or buyer/flipper.

I'm digging the advice and support in this thread.So basically, I have a few options that revolve around developing either an S Corp or LLC...- Develop said entity in the state where I'm investing-OR- - Develop said entity in the most tax favorable state of one of my partnersI'm assuming the former is probably more along the lines of what I want to do.

My main question revolves around the message copy and the media that you put in on?  

If your monthly payment of your first house is higher because of the HELOC, your debt will be higher and the loan you will qualify for could be smaller.HELOC is a revolving account so if you max it out or spend more than a certain percent, it will lower your credit score.

Another discussion on here mentioned these locks:http://www.lowes.com/pd_39998-352-BE365+CAM+716_0+...Doesn't that solve all the issues?

The best way to minimize your debt to income ratio is to pay off any and all revolving debt you can (credit cards). 

Hey Brandon,I cam across this post and I'm just curious what the outcome for you was

Numbers don't work well even at a discount, but the place was a revolving door all day today (4 different people looking at it in the hour I was there).