If you have already gotten approved, you can still get approved for another program with another lender that has a zero down conventional loan without it affect your credit negatively so long as you are getting another hard pull within 45 days of the last hard pull for a mortgage.

Construction times, delays, permitting etc. will all affect how long it will be until you can start making money especially if you are making monthly loan payments.

Saturday I was there and did a repeat session; this time requiring 7 bags. 

You will plug this number into your underwriting to see how it affects your returns.For the occupancy question, you can run the Breakeven Occupancy and Default Ratio numbers.Breakeven Occupancy is calculated by adding up the Total Operating Expenses plus Debt Service (mortgage) and dividing it by your Gross Potential Rent.Default Ratio takes the Total Operating Expenses plus Debt Service (mortgage) and dividing it by the Effective Gross Income (Gross Income plus Other Income minus Economic Vacancy including Physical Vacancy, Loss-to-Lease, Concessions, and Bad Debt).Hope this helps.

That being said, should I decide to invest out of state in the future I do think it's something I will take into consideration, as quality of living in any given city will directly affect the income an investment can produce and the general tenant pool for a given area.  

They may or may not have health issues, but if this is a repeated pattern, I'd think the latter. 

Would this be a problem for my credit being that there would be to many hard pulls or too much action going on that may affect my heloc application and vice versa? 

Of course it’s not dead on all the time, but the big question is how much has covid and the long term debt cycle affected it. 

I recommend buying a duplex or fouplex and house hacking for 1 year and then repeating again.

Ask questions to show you are interested in her experience and how it affected her.