Practically speaking,  these are 2 separate and distinct actions that most likely have to be undertaken.Much successBob 

I am currently shopping for deals and practicing my math at the same time.

My advice is tell her she has two choices.

Here short term rentals are very seasonal.As a newbie, I was under the impression that buying a brand-new apartment would be the right choice for me.

@Bryce Renicker based on what you are saying, it was probably a good choice to terminate.

@Sam CollinsYou may want to reach out to @Michael Plaks who is based out of Houston.Texas is one of the unique states that require the filing of an LLC Franchise tax return even if the LLC is a single member LLC.This filing obligation is not known by many outside of Texas.Best of luck to with your choice.

Is it good practice to open HELOC when I received pre-approval letter form lenders for new Home purchase?

It would be interesting to hear from some experienced appraisers if this could be true - not practical for a park, but might on acreage.

I'm practicing my underwriting on various local apartment complexes and found an interesting case that I wanted feedback on.

I am practicing what I am preaching here and refinancing to get about 120k and intend to purchase additional houses.