@Melonie DicksonThis really depends on the market and your personal preference.

I could also pay more monthly cash out of pocket as my finances allow it but I'd prefer create cash-flow and put that extra cash into other savings or investments.Any other pros and cons of shorter vs. longer term HELOANs?

OK, so I know people talk about this all the time and everyone has their own opinions, but two separate individuals that I highly respect in the real estate field told me that mortgage rates are going up by the end of next week.

Problem is I am buying a property and can't buy it inside of an LLC and would prefer to use a line of credit over using my own cash, but I know that this could be a problem, and potentially make it possible to "pierce the corporate veil" in the unlikely event that I might get sued. 

You may be able to find a private money individual who can move a little faster but there are a couple other parties outside of the lender that also cause delays.

Together, we're a great team and individually we cover each other's weaknesses.  

Bad debt shows a sign of financial weakness in a individual. 

My wife would prefer to stick to a SFH as our primary residence, but if I can accumulate some additional capital along the way, I'd like to get into SFH or duplex rentals to start.I'm also looking for some good local networking opportunities, mentorship, and/or a local organization to join for those just starting out.

Im always up to meet new like minded individuals

There are many people that speculate or are interested in Real Estate but don't have the time or expertise to find and manage their own deals, a partnership with one of these individuals may get you to where you need to be.