They both had good intentions and I have personally seen the inner workings of the business in attempting the "Done for you" model.

Providing POF for others without actual intent of lending them the money is dishonest at best.

Since intent is the real standard, You're going to want to be able to demonstrate that intent. 

When using a lower down-payment, appreciation and loan paydown are accelerated in relation to your initial equity, this greatly increases your IRR.PML is not likely to loan to you, if your intent is to house hack.

Esteban, it may be slightly different because I target multi-family buildings, but I always look for a value-add deal with the intention of holding long term.

Nice work lining up the HELOC, that’s the hardest part for a lot of people.Even though you are no longer in WI, you can absolutely keep investing there; you just have to be intentional about (1) how cash moves from the HELOC into the WI LLC/deals, (2) how income is sourced/taxed in WI vs where you live now, and (3) keeping clean books as you scale.A real estate focused CPA can guide you through the best structure so you are not overcomplicating the entity/tax side while you grow.

My advice is to start small and intentional.

To intentionally reduce the leverage more than required is a foreign concept to me.Best wishesI think the real problem here is a complete misunderstanding of what REI really is. 

There are a lot of advantages purchasing with the intent on some type of investment property for your primary home, after you have lived in it for a few years.

My point is that the intent behind a question should be understood before assuming someone is inexperienced.I’ve managed my properties since 2009—mostly single-family homes and one triplex.