I am getting ready to purchase my first property, If I picked out a property that would need some work done, Would applying for a bank line of credit be helpful?

You have a greater risk in the more expensive property so you should be compensated for it. if you want $25000 on a $250000 piece of property the same percentage or more should apply. 

I see my options are the following:1) Apply for an FHA loan, pray I get approved and live in it in a year?

I have applied for a HELOC and plan to start BRRRRing in the surrounding Dallas communities.

However, it only applies if the following triggers are met:1) Visible hole or depression2) Structural damage occurs3) The movement is sudden 4) The insured structure is condemnedIf any of those are not met, then no coverage. 

Property #1: conventional loanProperty # 2: fha loanProperty #3: 30K to put as down payment, but can’t apply for another mortgage.What’s the best thing to do?

Coverage D only applied if a covered loss occurs to the property.

Hello all,I have a question regards to loan application for a condo.There are 3 units in this property and I own one of them. (A single house that was converted into 3 units). One unit has already rented out and I am ...

So anything you can obtain business wise,  you can just apply personally.  

My research below from the Act's FAQ page says that the split level quadplex does not apply because it doesn't have a ground floor.