My concern is by using the HELOC as mentioned then applying for add'l conventional loans as we grow our portfolio how will this impact our ability to continue to get funding from the banks?

You will need to put in about 20 offers to 1 accepted (ish not a rule). 

Robert Freeborn Your work and laws that apply to a “contractor” will apply to you.

But in regard to rent, I would suggest doing a quick search on the ‘2% rule’.  

Having said that, its not quite as simple as the 1% rule,  Rules like this are good weed out for those of us that look through large numbers of deals at a time and need a fast way to determine what to spend time on and what not to.  

I continued for a little bit and gained valuable knowledge on the studies of art and math but with not job it was hard to continue to skate to school using up 4 hours to get and 4 hours to come home on school days i didnt really make time to actually follow through with interviews and potential job opportunities because i was to focused on my craft, but One day while skating to see my mom i saw a banner for a job opportunity and applied and told my self if i got called would follow through no matter what.

I see people referring to living in a house for at least two years so the profit is not taxable, but would this not apply to me since I’m doing a rent to own??

The trust will hold title, and title insurance, although the bank will still apply the note to your personal name. 

Under securities laws, certain types of investments, such as generally solicited Reg D, Rule 506(c) offerings, are only available to accredited investors.

I know if we were taking out a loan this would not be possible as down payments for investment properties cannot be gifted, I'm not sure what the rules for all-cash purchases are.Since I manage our other investment properties in the area (all under my name), I don't want to put this new property in her name as it will create additional hassle of signing a new contract with our PM, creating new accounts with the utility companies, etc.Thanks in advance for the help!