The banks have not been helpful, most of them straight up refusing to do a HELOC. 

Agree with Brad, If the STR doesnt work out, do the numbers work as a straight rental? 

Pretty straight forward. 

So let me get this straight.

@Jaysen Medhurst ... and yes, just to get this straight.

But, in my limited experience, your LLC will be a disregarded entity, so from a tax return perspective it will flow straight to your personal returns, and the rental will still fall on a schedule E, like it would if you owned personally.To be clear, I own my rentals in an LLC. 

Is this related to how the Straight Line Method is calculated (# of months you use a property to produce income)? 

It's great if you keep the tenants and they were great, until they were pestered for 2 straight months by every guy with no money trying to owner finance the place.

From what I understand, you need the following:-25% down payment-6 months of PITI reserves for each property-Stellar mortgage payment history-Proof of financial soundness (i.e. no bankruptcies, solid tax records, P&L statements)-Excellent credit ratingHere's the info straight from Fannie Mae's site

We usually set them straight that the house is not a hotel and not everything will be perfect.