So if your pre-existing loan is 70%...then your new HELOC will be 10%....or $50,000. 

Or, if you want to ditch the MA LLC altogether, you open the OH LLC, transfer the entity (talk to the lender first though) wait at least a full tax cycle because the MA LLC has to exist in order to pay taxes and effect transfers) and then shut down the MA LLC. 

Most of the park is asphalt driveways.

I think that you and family can benefit from living in the same building with new or existing tenants!

Just forget construction and buy the existing triplex, or do new construction? 

All the research indicates that the subdivision will yield three lots and one with existing house.

It will hold up financing if you don’t get existing leases quickly.

Personally I don't mind raising rent on an existing tenant by 5% or so if it means I won't have to rehab it anytime soon.

When asking for proof of giving the deposit he says he paid it in cash with receipt or proof (greeeaat).I attempted explaining that there's no proof of his deposit and that it legally doesn't even exist.

The existing owner needs to put up a non-refundable deposit (of about 10%) and will move out the day you close on the resell by a definite date.