I would like to connect with investors in the same asset class to validate some of my underwriting assumptions. 

I live in FL now, and it is the norm for a new insurance company to check/inspect. 

So I was just wanting to get opinions on the best way to leverage the equity and heloc I have? 

I believe that Goodman and Lennox are good options if you are looking for something more affordable and Trane and Carrier tend to be more expensive. 

Even with a property manager I would like to see the condition of my property periodically in a nice property inspection report. 

So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1)  zoning allows for this2)  and obviously I owner occupy for at least 12 months3)  the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process? 

Purchase price: $65,000 Cash invested: $30,000 Sale price: $195,000 Live in flip.

Im open to connecting

I'm curious about which might lead to quicker financial gains?

Many investors in your situation also explore seller financing or subject-to deals to minimize upfront costs, especially if they find a seller open to creative terms.