There was standing water in the basement; I removed it, and to my surprise found that it was almost like a stream/crick flowing through the basement. 

A septic with no leaching field allowed (too close to stream, pond, reservoir) - very close to an absolute deal breaker as it crashes resale value.- Title issues.

Your HELOC was lowered because the bank knows your last reported income, and your debt to income is high, so they know you wouldnt be able to pay off a higher HELOC balance (they are not accounting future possible income streams from rentals).

Mainly looking to see if anyone has any advice for taking that next step and suggestions/advice for diversifying and making this more of a main income stream.  

If not, i guess i would have to cash out, take a helluva hit and fork over all my stock in the form of cash to cover this SLC.That is, assuming you CAN pay for a secured line of credit up front ... i'm not sure about these, seems they usualy go off of income streams from existing businesses, and seems a lot wont lend on "real estate business" ... anyone have any familiarity with this?

So if you've got something to share then spill the beans :lol:

Unless the beginner has a good solid business background and understands the effects of location, complimetary businesses, competitive businesses, legal issues, zoning issues, traffic patterns, RE management concerns and I could go on, anyone that just looks at a commercial deal as an income stream is very uninformed.

My offer has been verbally accepted and should be signed in a few days.I also looked at Lyon and some coastal areas in the south based on my vacation destinations :-) but they wouldn't cash flow as well so I want to start with setting up a cash flow stream and then buy where I'd like to retire...There is quite a lot I can share depending on what you or others are interested in.

Currently I put my money to use in many ways as the owner of a Real Estate Brokerage, PM company, construction company, MLM company, Laundromat, Insurance company & many investments including an entirely new set of income streams coming next month with my pending purchase on a Motel & two vending machines. 

It's the best way to get that steady stream of income you're looking for!