What do YOU think of my strategy???

[Starr Ango]

I am doing my business plan and would like to know what you think about my strategy  for getting our first 3 real estate properties.

We would like to move in to a multi family ( we would rent out the other side, so we can live rent free). We would then buy a inner city home from the auction and use the home equity line of credit to put a down payment on a multi family home in a more desirable location. 

Is it hard  get a home equity line of credit from a home bought at the auction?

Should we look at homes from Hud or Foreclosures to make this strategy work?

Any help would be great.