Second house, was house hacking before then got married.

Look at the side(s) of the house that gets the most weather (south and where ever direction your winds normally come out of).

one of my favorite quick flips.bought court house steps for 125k.. 

We were going to start gifting them money to help cover those expenses when the idea came up of buying their house to give them a cash infusion.

I've always compared rent-by-room to student housing.

We operate in a 40 mile radius from our house.

For a building that size I would expect they would have had someone like a John Burns or someone else provide a report to understand the comps and current absorption rates and vacancy rates for this class of building.Now that you have invested, it cannot hurt to go out and view the property but what are you trying to accomplish by visiting ? 

Do I understand the interest rates and terms for the home equity line of credit?

Hello, if I have a HELOC on a primary home and I move out to convert the house into a rental property, do credit unions/bank typically have an issue with that? 

I will cash out, refinance the new house, and pay the renovation loan.