Based on last year's tax report, the house is valued at $199,000.

One of them was that Section 8 would not pay market rates.

Look at paying into your debt like this: Your making 3.75% ( technically after taxes only  about .75 of that ) on your money when you pay that debt down.

I went into the course assuming I was paying $10k for a streamlined acquisitions process but what i got was two days of narcissistic self-aggrandizing guru garbage, a “mind map” that looks like it was thrown together, 34 “strategies” that can be found for free on BiggerPockets sprinkled with juuuuuust enough guru gimmick word vomit and hand waving to impress the eager and inexperienced, several of which were repulsive and absolutely predatory..Instructing students who get their offers turned down by a seller to walk out of the appointment, get in their car and blast out the property out to cash buyers anyway..  

Plan is, ill pay Heloc in a year from what I save monthly. 

If you literally feel like your twiddling your thumbs you can come up with contingencies for when bad things happen like not paying rent, not getting along, not keeping house clean, partying too much, etc.

I was not sure the legality and tax implications of using personal assets to help fund LLC ventures. 

Tenant doesn’t pay their rent…unpredictable cash flow.

As for 'everything must be done through the LLC' - your property insurance must be covering the LLC (not you personally), your bank accounts that you receive rent and pay bills out of must be in the name of the LLC, your utilities must all be in the LLC name and not your own, etc.

This is tough, eats into your margins and normally you'll pay more on your first few projects developing the relationships and it'll get more favorable to you over time.- ACTUALLY does good work.