I own quite a bit of rental properties so main usage would be evictions but also looking over or drafting agreements if putting a creative solution together to purchase or sale. 

ALWAYS check zoning and think creatively.

Given that I don't have a ton of equity however I am thinking that I would end up using all of it and then have a separate payment for the interest on the HELOC rather than having it incorporated into my monthly mortgage payment. 

It's not easy, but if you're in a similar position you have to get creative.

Incorporating a business or forming an LLC creates a business that is legally separate from the owner(s).Obtain a federal tax identification number (EIN).

Be creative and charge whatever will make you feel comfortable with having that pet as a tenant.

Greetings BP Network:

I am reaching out for suggestions or past experiences financing a portfolio of SHFs. I am looking at purchasing 11 SFHs in Memphis, TN, but wondering if commercial lenders will even underwrite t...

I would have a cash offer and creative financing offer available.

If you get really creative, there may be ways to get a positive cash flow. 

Listen to the podcasts, lots of people have found creative ways to find funding to make money.