The SBA can see the final product.  

If you know the sellers didn't see the offer to extend and verbally agreed, I'd tell the listing agent that (call using someone else's phone). 

In fact, the 10-point gap between Future and Current Sales Expectations is the highest it’s been in 5 years, pointing to rising optimism about the effect of lower rates on new home sales.Waiting to see the winner?

Well can't you see the numbers speak for themselves right?

I don't think we will see any more cuts before spring. and I can see the 10yT going to 4.50% again before turning, which means mortgage rates in the upper 6s

They cannot see the forest for the trees....

I don’t see the condo ownership  being adverse to your objectives.

The tenant segment we've targeted for over 17 years is families with elementary school-age children and a gross household income between $65,000 and $85,000.The only properties this segment will rent are:Type: Single-familyConfiguration: 3+ bedrooms, 2+ baths, 2+ car garages, 1,100 to 2,400 SF, one or two stories, lot size 3,000 SF to 6,000 SF.Rent range: $1,800/Mo to $2,300/MoLocation: See the map below for the areas where our target tenant segment chooses to live.What has been our results following this process?

Now I see the issue as a bit more complex. 

It's definitely an outside-the-box idea to transfer the property to an LLC before applying for the HELOC.If you move the property to an LLC, lenders might see the transfer as a red flag.