Quote from @Matthew Posteraro: Me and my wife are planning on starting our investment journey by buying a multi-family home that we would live in as our primary residence.

I recently bought a primary residence all cash and would like to put a HELOC on the property to use as a revolving line of credit for various real estate projects I am working on.

A Heloc on my primary residence was where I started, and I was able to use all my own money. 

From the tenant's pov, I don't see why a conventional lender would have issues with a tenant buying the property as a primary that they've been living in.Cheers!

We do them, but they aren't cheap and your LTV will be lower that a HELOC on a primary residence.

A lot of the time, the HML 2nd secured by the high equity primary residence would end up getting paid off in short order with via a HELOC, so there'd have to be points in it upfront for the HML for it to make sense.

Buying your primary home first allows for stability before investments, but may require higher down payments and stricter approval criteria.

Specific Questions.With a long term one year lease term, with month to month terms after, how difficult is the process to "force" the Tennent out if needed to move into the property as our primary residence.  

A lot of forever houses on the primary side and buy to hold forever are far from forever. 

You could pull some cash out to do the renovations and then refinance on the ARV once its done in 6 months and take out more cash to buy another investment home or rent that one out and buy a New primary home.If you have any questions on the steps or the process feel free to reach out or send me an email.