However, this is a larger banking company and I have heard it can be better to have a HELOC with a smaller, local bank.Option 2: interest rate is prime +0 with a max of 25%.

Now, I can't pick for you, but consider what suits your budget and lifestyle better.

Other than lending limitations, I can't think of any cons - always better to have clean, segregated bookkeeping and general separation between what is "business" vs. what is personal.

A 3% mortgage today sells at a steep discount on the secondary market if someone wants their money out of itCheck Silicon Valley bank as an example.Also mortgages are depreciating assets and most investors are better off selling and putting the money in a growth investment.

If it is me, it is ok but I want to know a better verbiage to fix my lease term so that there is no mis-understanding. 

You're telling new investor to take an out of state flip over just finding a better deal in his own market?

No one metric is better than the other.How much money will I make from this investment?

All the things you want your company to stay far away fromWant a better reason not to do bandit signs?

With rate-term, you will be able to get much better rates than with a cash-out.

I can't believe that you are much better than I am!