Meaning they will not allow me to use my equity to obtain a line of credit.   

Texas or Florida come to mind because I could take advantage of the veteran property tax benefits and also the likelihood of obtaining a multi unit property would be much easier to get into.  

Meaning they will not allow me to use my equity to obtain a line of credit.I would rather not do a HELOC on each property due to the associated closing costs with each loan.What can I do in order to tap into this equity and put it to work for me?

In other words, we’ll need to lock in a rental before we close on our primary home but we’re relatively income poor, especially when most LL’s want 3x monthly rent for income, while at the same time we’re relatively asset rich with very low overhead.

I can obtain the proberty for nothing and debating on putting a tri/4plex  on it or maybe several mobile homes.

If you're still looking try to stick to one type of assets - residential multi (2-4 units) will play a lot better in your favor than SFH.

Also you can search here on BP for locals and PM them directly with the same question.In terms of buying a property under LLC name, it may be harder to obtain financing than under your personal name.

Later I attempted to utilize some equity within my home but have been running into problems.For the sake of anonymity, my asset protection attorney uses his name as trustee when the deed is filed.

That combination typically is for an extremely risky asset.

If the book value of an asset is X and they sell it for Y, not only would they have to answer to their investors, they might have to answer to their regulators if they are disposing of assets at a discount just to clear their books, without a documented reason why (Like...Value may be "X" but, deferred maintenance equals "Z" so, discounting and selling for "Y").We aren't in the market we were from 08'-14' where this "strategy" may have been more acceptable.