My concern is by using the HELOC as mentioned then applying for add'l conventional loans as we grow our portfolio how will this impact our ability to continue to get funding from the banks?

It is a small home, about 700 square feet and has been lived in continuously for 30 years.  

I would pick a date that you want and let them know you will continue advertising the apartment until a lease is signed and all monies are paid.

I continued for a little bit and gained valuable knowledge on the studies of art and math but with not job it was hard to continue to skate to school using up 4 hours to get and 4 hours to come home on school days i didnt really make time to actually follow through with interviews and potential job opportunities because i was to focused on my craft, but One day while skating to see my mom i saw a banner for a job opportunity and applied and told my self if i got called would follow through no matter what.

Bate Hendricks neighborhood is often featured on the HGTV show Good Bones, as are the neighboring areas of Fountain Square and Old Southside.Watch that show and you can get an idea of the type of homes that are there.  

You can continue to push the enevitable down the line, roll it into another investment, etc. 

Should I take out a loan just for the property and just continue to lease it out?

I have always done commercial, in-house, 20 year loans with my current banker because it is super flexible and he is awesome BUT with rising interest rates and my adjustable loans continuing to come due I am thinking about getting 30 year fixed loans BUT each lender I have contacted has told me that I cannot get this done with my LLC on the loan??

I am looking to make many friends on this sight and to continue to learn more about the ins and outs of real estate.  

We'd love to meet new folks in the area and would be open to partnering on deals to continue the learning curve, particularly in the small multi-family rental space (easy access to PATH/mass transit).Looking forward to sharing our experiences and connecting with you.Best,Nick Senter