Sadly, it is FHA loan so stuck with it throughout the loan regardless of amount of equity in the property from my understanding (although they recently change the FHA rates so think I can get a slight adjustment)3.)

You can learn a LOT about a person by listening to what they say or what they post. piper has exhibited lots of reasons for my posts about unlicensed brokers, dishonesty, and scammers.

I understand what he was getting at, however not sure what I need to "prove" it so to speak.  

We are looking for recommedations for agent/broker/realtor in the Fairfield County Connecticut area.Wanting to build a relationship with someone who understands REI.

Mathew it is my understanding that you can not to HELOC on any house that is not your current residence in the State of Texas.  

You also said something that I don't quite understand.

@Isiah - Luckily my father was a GC for 25 years, so I have a solid understand.

I understand that refinance topically add more balance to the loan but 16k? 

(Yes I understand you can flip/wholesale/yadda a house and make a great return, but what I am referring to here is the infusion of passive money... solo 401k/IRA, investment dollars for yearly cash flows, etc.)3. 

But my understanding is if you establish a LLC in another state than where the property is you do have to register a "foreign LLC" in the state where the property resides.