I would wait for more input but I feel like you're being scammed.

It's also common to encounter retail branch employees who are  not familiar with  the entities and various ownership structures real estate investors utilize since they are normally opening personal bank accounts.

This is a great question, and many people encounter this situation when they're just getting started!

Anyone encounter this situation before?

http://www.biggerpockets.com/forums/79/topics/13370-monica-main-wealthy-heirss-scam-

Are there any pitfalls you’ve encountered?

If you're entering real estate investing full-time in metro Atlanta, you're bound to eventually encounter someone pursuing co-living properties. 

-Any issues or advantages you encountered with using a HELOC in this way.

I encounter it now while searching every now and then, but haven't seen any reviews!

hi this is the honest review of pin5 and propstream so i was using connected investors but as someone else explained there was some inconsistencies with their system as well as there is now individuals on there running scams so i had to leave them then i started with propstream and been with them as well for some time the issues i have with them is a lot of their data is not correct as well and you always have to fact check the square footage of the property or the price sold with now as of today my issue with propstream is i paid to have a list over 2000 skip traced  what they was able to find supposedly was 1980 the good thing they only charge for what they find so they charged me correctly the list was uploaded to calltools for my va to start calling ( now this is the kicker out of 1980 that i paid for 1660 was invalid  so when i reached out to propstream and spoke with steve the mgr he said directly to me they use a 3rd party company and there was nothing they could do about that high number of invalid.not only did his response disappoint me for the simple fact i have been a paid member for sometime but now its the fact i feel its a scam as well we are talking over 60% of the list i paid for is invalid come on that will not work