I would love to hear what places you guys recommend as well other data sets I should take into account!

That is about right for pricing, IMO this whole lead thing is a total scam, just and income generator for the city 

@Corey G.You can't have a bank account for an IRA.

Monthly income from the rental is $3,400 ($3,100+$300).

Accounting basics being able to understand and read financial statements very valuable.

You can potentially own the property with no out of pocket costs (rent covers expenses and then some) PLUS you get the added benefits of equity, appreciation, and continuous income from the rent/cash flow.  

It could mean that the neighborhood is gentrifying, if it was a lower income neighborhood in the past.

I opened up a business checking account for the LLC. 

You also have to realize that even if you are not using the entire heloc limit "Some" underwriters still calculate the Maximum payment into consideration.There are some ways to pull money out of a Heloc and deposit it into a savings/checking account prior to application to satisfy the PITI reserve requirements.

I have good credit, but not sure how to obtain financing with my current income so I am looking for financing options that don't require me to provide 2 years proof of income.My current plan is to do the following but would like a professional opinion before proceeding.