Im really wanting to look at buying in the Houston area but am def open to DFW , east TX.  

We opened a HELOC on another rental property (a 4-plex) with 800k in equity.

Hi Steffen, I am pretty open as far as area as long as the numbers pan out and the project is interesting from architectural standpoint since I am an architect. 

I am also open to the idea of researching out of state markets. 

I am definitely open to different suggested cities throughout the United States.

Should I create the LLC and use the Tax ID to open the bank account or just open it under my name for the purpose of the property?

It is easier to show it to everyone and encourage everyone to apply to not be accused of leading or discriminating.You can also set up appointments open house style where you are there only a certain time and they overlap, because you will run into no-shows.We show all interested folks the place and offer an application. 

As far as packages, if your unit has a garage you can do the following:Install a HD doorbell camera, and a remote garage opener.

If they would be willing to carry a seller 2nd for a portion of the acquisition, it might help open some doors to a 1st position lender who may not want to leverage 80% LTV.

I'm trying to decide if we should make it a 1 bedroom with a dining room or open kitchen.