Does that mean that 2 separate college students wouldn't be able to rent it because they pay separately therefore they are not a single family?

Business plan would be to rent lots for $400-500/month, tenants pay all utilities. 

Between all of the set up work, creating your listing, responding to guests, setting door codes, scheduling cleaners, paying bills, reviews etc it is not hard to log 2+ hours per week.

The tenants will be responsible for arranging and paying all utility services required on the premises.” not very detailed I know I wish I would’ve done better but that’s what it says

You will eventually have to pay back the principle of the line of of credit.

Lancaster used to have alot more crime 20 yrs ago and it turned and now im seeing the same things happening in Reading not to mention we know the rental market there has been amazing we get great tenants who pay only 1 or 200 month less than apartments rent for in lancaster.

I like the idea of selling shares to pay down the mortgage I'd have on it or use it for the next purchase, maybe a 1031. 

Hey @Adriana McLaughlin - This is actually the FIRST TIME I have heard of the term "ALL-IN-ONE-FIRST-LIEN", but after doing a little bit of reading on it I am not sure I still completely understand.Basically, you apply for a HELOC credit payoff your existing mortgage with this variable HELOC and then in theory have some leftover as well...so the advantage is paying off your loan early and getting access to a line of credit, but the disadvantage would be a variable rate mortgage for the reminder due on your orginal first mortgage? 

The property is still your responsibilityBuyers will claim to sellers that they no longer have any responsibilities and that the seller doesn't have to worry about paying the mortgage fixing the property or taking care of expenses.

That is not an issue.the question is how to coordinate the two sales and one purchase. if it’s too complicated, may just pay the capital gain tax.Quote from @Bill B.: You lost all hope at step 1.