For insurance relocation reservations I still get a full application (with background and credit check) for each person over 18.

Hi Edwin,  Congratulations on your current real estate investments and saving up emergency funds.it's essential to consult with a financial advisor or real estate professional to assess the potential risks and rewards of accessing the HELOC and investing the funds.

The biggest draws for investors are not needing to provide income docs (no W2, tax return, paystubs etc needed), DTI doesn’t matter, you can close in an LLC, and not all lenders report the debt to your personal credit (so it doesn’t affect your credit score or DTI for future conventional financing).

you need all 3 of those. no offense but just to be direct - it sounds like you may not be ready to make offers.are you looking at properties in person? 

Speaking from personal experience, I have several STR rentals in California (I co-own STRental Pros in Orange County, Los Angeles County, and Riverside County).

Personally I invest in stocks, mutual funds, moneys in high yield savings account, dabbled in digital currency and but primarily real estate.

Are you asking if YOU personally have $100M?

Or if there is a 10 unit made up of two buildings, or two 'sides', I'll let an STR person take one side/building/chunk.In Montrose I have a 10 unit that's made up of a 6 and 4 unit building. 

My advice (based on my own personal experience with investing in the Columbus, Ohio market) is to secure the asset even if it's not bringing in as much as you desire (within your finanial means of course) because today is the cheapest that property will ever be. 

Personally I live close by and I am all for it.