I'll try and summarize my personal views.Ideally, you:Invest yourself in like propertiesDo, or have worked as a property managerHave worked with out of state investors before.  

So, to summarize, take action and start looking, but don't pull the trigger unless you're very confident you've got a great deal.

To summarize, HELOC for investments. 

And I probably know exactly the thoughts, challenges, questions, and information overload, etc. that you might be feeling and experiencing right now.And I know the "iceberg" and the "elephant" seem very daunting right now.What helped me go from buying a duplex to buying 100+ unit deals is boiling down this business into 2 simple things, Deals and Dollars.I share more of this approach in a thread if you want to read, I quit my CPA Job to buy Large Apartment BuildingsTo summarize though, the road ahead for you will most likely have many twists and turns, challenges and setbacks.

Summarize quickly and get to the point.  

Well done summarizing the pros and cons.

To summarize, if you are planning on putting the minimum amount down, you probably won't get a very high ROI and may want to consider a live in flip.Feel free to add me or send me a PM if you want more input.

In case you don't, to summarize you can live in flip the quad easier because it makes the numbers easier to work.

To summarize, it says a “Real estate broker means a person who, for another and for compensation or with the intention or expectation of receiving compensation Sells, exchanges, options, purchases, rents or leases, or negotiates or offers, attempts or agrees to negotiate the sale, exchange, option, purchase, rental or lease of, or lists or solicits prospective purchasers, lessees or renters of, any real estate or the improvements thereon or any modular homes, used manufactured homes, used mobile homes or other housing offered or conveyed with any interest in real estate" This is black and white - if you try to sell a house you do not own, you are brokering.

Hi @Jim Viens Here's a sample Private Money Request Sheet that I have put together which summarizes the project's financial requirements, loan amount, and lender's projected investment results.