Is it possible to refinance the HELOC now into a conventional on the STR to remove the HELOC from my primary home and free that up for other investments.  

A way to account for the additional borrowing (or in this case effectively a cash gift towards down payment) is to attribute an interest rate to the $500k (or even an interest free loan over 30 years).

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Location: Springfield Ohio Builders risk, I'd highly suggest using a broker to find the best carrier for your particular situation. 

So, while it may be legal in most states for you to lend the LLC funds if it is structured as an actual loan, in writing with specific interest and payment schedules, just like a bank loan, it would have no tax advantage.If it's a stock corporation, then yes you can.This would be entered in QB like any other interest loan.Feel free to reach out with any further questions.

They will evaluate the risk and return profile of the note, considering factors like interest rate, duration, and the creditworthiness of the payer (you as the property buyer). 

Most tenants take me up on the offer and I would much rather pay a few dollars extra per year per tenant than have a tenant at risk of death - especially carbon monoxide poisoning. 

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Feel free to reach out about the project.

It's not traditional and it comes with plenty of risks but it's a great way to get into properties with low down payment, as well as lower interest rates than the current market allows for.