I'd plan to pay off both loans within 5-7 years with cash flow from the rental and other income and assets.I'm an accredited investor and will still have more than a year of expenses covered in liquid assets and additional funds to buy another 1-2 properties in the next 2 years, which is my goal.I don't know if I've provided enough or the right information to get some opinions if what I'm planning to do with my current house and new home purchase makes sense. 

We don’t need housing programs that give folks $ or provide incentives to BUY homes.

Hi Zak-Great question.It sounds like your credit union is offering you a Home Equity Line of Credit as they do not expect principal payments and your primary bank is offering you a Home Equity Loan.Personally, I don't like having to pay on an equity loan unless I use some of it and only pay on the part I use.Although, this is a personal decision for you.If you make investments that provide enough cashflow to pay the principal and interest to your primary bank on the equity loan it doesn't really matter to you as others are paying it.Another consideration is the amount of dry powder available to invest.

I provided evidence in my reply to no avail and the city wants to go forward with my hearing.

Can you provide 2019 and/or 2020 YTD income information?

Decide which game you want to play.

If you are buying the second lien the seller should provide you with a credit report which then you have the lender and account info from credit report so you could call to get the balance.

Do manufactured/mobile home dealers provide seller financing option to buyers? 

It should also make potential LP's more comfortable knowing you have considerable skin in the game plus the fact you are profiting from the merits of the actual deal at time of sale rather than collecting fees.

I have never heard of a provider rejecting an investor.