there are a few lenders in southern CA  HML ers that will do owner occ.however other parts of the story probably preclude it from any organized lender.maybe some private lender would take a shot at it.

I'm 17 years old and I currently work at my local fast food joint.

Building at this time is estimated to cost $180-220 sq ft.This is very much a wilderness area still and unless you are inside city limits, there are few permits and inspections needed when building; which makes it even more important to have a good contractor.As for economy tanking, their are already some food threads on BP discussing it and I posted quite a bit about performance here during the recession.

Then without food, the fleas will either hibernate or some will die after laying eggs. 

Dirty dishes on the counter, food in the fridge, kitty litter everywhere.

Helping Hands for Housing is a tax-exempt 501(c)3 nonprofit organization that provides housing to homeless veterans in the Dallas-Fort Worth area.The best way for our nonprofit organization to acquire homes where our Veterans can use their housing vouchers…..and how you can make some money and get huge tax credits.Obtaining the properties for HELPING HANDS FOR HOUSING is the most difficult part of our process, so I have outlined some plans to accelerate the acquisition of the homes.If you would be willing to participate:We find a discounted house, arrange for you to buy it at the low price, then at the same closing, you sell it to our nonprofit organizationYou will receive substantial tax credits—(both corporations and individuals are eligible)Helping Hands for Housing obtains the homes at discount ratesYou make money every monthHelping Hands for Housing makes money every monthMost importantly: our Veterans have a safe, affordable homeAs you know, if one has cash readily available, houses are easy to purchase at a steep discount.

Be aware that some dogs can start a fire on a gas range if food is left on the burner. 

Just food for thought.I figured you were looking at PenFed but thought I would ask in case you found a different lender to offer HELOCs on non owner occupy, especially at 80% LTV.

The benefit of this is that it is actually easier to avoid commingling funds when everything is all organized and kept in a single account - the biggest problem investors juggling bank accounts face is pulling out the wrong credit card for a purchase.There is still flexibility within the SLLC, as you can still choose to separate a single "child" series out for a different tax filing.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.