(House hacking)If you currently “own” your primary residence (even if the bank owns most of it.) you could move to a new home as your new primary (better rate and terms as a primary and you could put less down though I would still suggest putting 20% down to avoid PMI) and rent out your current home. 

Looking to take out a LOC on our primary residence to invest in a multi-unit.

(didn't account for vacancy before)@Jackson Pontsler I was actually going to use a HEL on my primary residence.

In the short 2 months I have been a Realtor I have been able to help one couple purchase their first home which was great.Earlier this month in August I really wasn’t looking for a new primary anymore until my girlfriend was done her residency as a nurse but a house popped up in Towson, MD that I thought would be a perfect live in flip.

It's not the same as your primary residence where you can put down less.7% interest rate also seems high, even though it's a 15-year. 

Aaron, you said for flipping it is not, will it be a good deal if it is a primary residence?

I'm currently using that strategy and it's saving me TONs of interest... in fact I've recently refinanced my primary residence into a HELOC for the same reason.

Lower cost of acquisition, still have available cash to pay down student loans and also can benefit from having a tenant in your primary residence (house hacking).

Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence fix & flip investment.