I'm looking to see if I should pull the trigger on this one.

Is that amount of money enough to pull the trigger or should I sit on the house a little while longer and reapproach the idea little later down the line.

I always love and know when an investor is serious when they can tell me exactly what that first deal is, (i.e. single family, one story, 1% rule.. etc) if they just say bring me a deal, then I know they won't pull the trigger. 2.

I keep it simple and purposely avoid carrying debt or doing any investments that would trigger UBIT. 

If I purchase an investment property using a HELOC from my personal home, Will the investment property not be listed on the personal home loan and therefore can be easily transferred to the LLCs possession without worry about piercing the corporate vail and avoid triggering a "due on sale clause"?

After further research, it turns out that many people do this without triggering the Due on Sale from the lender by using a Land Trust.

My wife and I are currently renting at the moment so we had no idea what the house buying process was until pulling the trigger.

I also want to form an LLC but I know that if I transfer the rental into the LLC it can trigger the due on sale clause.

The hardest thing is to actually pull the trigger and buy your first property because you want to make sure it is a good deal and you don't lose money but if you do happen to lose money then just treat the loss as you paying tuition to gain education.  

pulling the trigger on a first property is a huge step, way to go!