I sent my documents to my loan officer to review and he is saying that I don't have enough equity in order to go Conventional.

Hello, I am a dermatologist and I own multiple dermatology offices.

If you ever want to talk about being a loan officer, I would be happy to share my experience! 

She had transformed the basement into an office with sheetrock, overhead lighting, installation of a closet, insulation, etc.

@Ron JonLoan Officers are considered fiduciaries and are subject to similar laws in most states. 

After that work is complete, we will have 1 3 bedroom rental upstairs and 2 1 unit bedrooms downstairs with a potential store front / office use space.My question is in regards to financing.

I met with the loan officer at our local bank that we've worked with (they have the HELOC and are holding the mortgage on the last purchase) and talked about another purchase. 

I normally would of stopped trying to reach out but his office keeps saying he is looking to sell?

also I do oi need to physically have an office space for the llc ?

This can be more difficult to work with depending on the size & locations of your brokerage, however, with eXp Realty, it's easy as we have remote offices and so our service areas are seemingly borderless!