And last question, will they put it in the name of my LLC (sole proprietor) if I'm living there or is anything to do with LLC considered investor territory?

And is the property titled in your name or an entity (LLC)? 

I plan on setting up an LLC to purchase and hold Title to properties using all cash from the HELOC.  

My plan is to set up LLC to hold title and pay for the property in cash using the HELOC, then to put a Commercial Loan on the property to coverage purchase price and repairs.  

How they found little ol' me up here in the NW when I own most of my mulit-fams in an LLC is suspect to another thing on here I recently signed up for.  

Thanks @Dmitriy Formichenko and @Joe Homs - I did see the referenced banks when I setup the 401k, was thinking since my other business accounts are already setup with Chase (and needed to setup my new LLC account over there) would make sense to keep them in the same institute - so much for that thought!

Turns out that the owner of the building and the tenant paying the higher rent were two separate LLC's that were registered to the same person.  

i have a slight issue and have heard horror stories about leading i just started my llc for my investing business and found a great opportunity to buy a commercial mixed use building located in my home town in new york. now i guess my question really is what do you think the best method to finance this deal is without any assets in the lcc at the moment 

do it under an LLC. dosn't effect your debt to income ratio. 

Order a cheap LLC NOW  LegalZoom, etc.5.