Take Action = Get pre-approved/deal analysis/write offersI love the plan of purchasing close by. 

That’s another reason to hold off on an offer, since there's no proof of cash to close yet.As for the HELOC funds, I'd proceed cautiously with borrowing from other sources if you’re not yet certain the loan will close, and I’d double-check if your application has been officially approved. 

.--- Our lease has separate Lease Signed Date and Lease Start Date.Highly recommend you overhaul your whole leasing process after you approve an applicant.DM us if you'd like more advice...

Yes, rents have been decreasing in certain areas, and it’s definitely having an impact on how landlords are handling tenant approvals.

If in Texas, a lease purchase option longer than 180 days without consent from the lender to receive payment from the tenant/buyer is not possible.Also, you can assume the obligations of a VA loan -- it is a non-qualified assumption - meaning the lender is not qualifying or approving of the assumption. 

After 7 weeks, I called to say that I see I have to approve something in my dashboard, but there is no attachment and nothing to approve.

The number of properties an LLC owns can influence DSCR (Debt Service Coverage Ratio) loan approval for several reasons.

If your Offer lets you "review and approve" of leases, and you feel they are not as expected and decide you can't live with the turnover right after purchase, than can discuss backing out with your agent. 

The problem is if you work with conventional financing (most investors do starting out) lenders won't approve a 3-5% DP for the next property.

Any approval for something by an owner is a bottleneck in the process.