Trenton and Camden definitely have their challenges with crime and a ton of homes for sale, but the affordability and train access to NYC and Philly make them pretty interesting from an investment standpoint.

However, if you needed to access a bit of cash you could complete your 1031 exchange and immediately do a cash-out refi.

He has access to your building, you are not there, and $200 is not worth the hassle. 

If you’re in a high-supply market where tenants have the upper hand, actual (contracted) rents could be lower than what you see on listings.Local leasing agents and property managers may have comps they can give you, though you’ll probably need to spot check for relevance.In any case, welcome to BiggerPockets and best of luck in your career as a commercial real estate agent!

Not many of them have access to effectively insure large multi-state portfolios. 

We have access to HELOC, hard money, DSCR, construction loans, etc.

I’m trying to devour every podcast, YouTube video, and website I can access.

The rate on the loan will be lower, BUT you'll be paying for the entire amount (150k) from Day 1, whereas with the HELOC you'll only pay the amount that you're actually using from the HELOC for the down payment.

Unless you’re super strapped for closing costs, I’d lean toward paying for the lower rate.

I don't know your market, but the simple answer is lower prices will get more attention.