You can use your HELOC for down payment to acquire the property instead. 

Have any of you ever successfully assumed a VA loan on an investment property?

I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I sell.My losses from my rental properties (LLC #A) largely offset any federal and state taxes from my brokerage business (LLC #B).

Look for properties in the same (or similar) neighborhood with the same size and amenities.

At that point in time the market was still hot for properties at my price point in my buy box.

You’re definitely on the right track by planning to open separate bank accounts for each property and the holding company.

The property or properties will be in Florida and/or Alabama.

@Alex RosenFollowing this thread as well because I also have a few unmetered properties and wasn't able to get the meters installed before the deadline.

What vintage property are you looking for?

I own 2 small multifamily properties (4 unit and 8 unit) and it sounds like the big opportunities lie in big commercial property (ex. 100units and up).