I think this article does a pretty good job of summarizing how to best protect your real estate investments using an LLC.

So to summarize the three big changes:1.

if the numbers all make sense, then I would do exactly as you suggest - get the HELOC, buy the next property (whenever you find a good deal), and then pay the HELOC down or refi the HELOC into a traditional mortgage.So, summarizing - yes, a HELOC would allow you to have access to a line of credit and be able to move quickly on any distressed property.

So to summarize, I would require one year lease term, but I would have very strict qualification standards. 

So to summarize, what I personally would do if I were in your shoes:Duplex, if I can't find one: SFHNo, I would definitely not wait for anythingVA loan. 

I want to summarize some red flags to watch out when you are buying a house (also I want to record this for my future reference). 1) Big lender does not want to lend without reason.

I am planning to do a short write up to summarize the investment (forecast vs actuals) and provide some before and after photos.

To summarize what I have done this year:    - Read 5 real estate books.

You just need to learn how to track your expenses and how to summarize them for your tax preprarer. 

Then I prepared a financial report summarizing the income and expenses for the past two years.I asked the previous president how can someone owes 1 year of HOA payments and no action taken?