I opened up a business checking account for the LLC. 

@Devon Morrissey most covered by @Samuel EddingerWill add this, check out your state laws and also the PENALTIES.We know how it works in Michigan, where we do biz, and so we balance risk vs reward. 

DCSR: I don't know much here but it has been advised to me to check it out.

The best thing you can do is drive around at different times of the day and during the week to check it out. 

or is there a check point along the way the would be more suitable? 

Download the free Deal Check app and start playing around with numbers and figure out how to analyze a deal.

I wanted to sanity check the below figures with the BP community! 

I have never been to Texas but am planning on making a trip to check the area out.

You also have to realize that even if you are not using the entire heloc limit "Some" underwriters still calculate the Maximum payment into consideration.There are some ways to pull money out of a Heloc and deposit it into a savings/checking account prior to application to satisfy the PITI reserve requirements.

Aron, definitely put Detroit on your list of markets to check out.What you're doing in C Class areas is exactly what we do in the city of Detroit.