And they can not buy a foreclosure for their personal benefit.As to your comment "I'm spending this week learning about foreclosure investing" the first thing to study is RCW 61.34.030 Criminal penalty.make sure you understand what that means.

Stay inside most of the time and read / study. 

Study the market.

Yes, you can do HELOC but not want to dive into the nuancesI would rather be Avatar 1 that leverages debt by purchase rentals consistently for low down vs tying up cash into 1 house hack at 20% down.Backing in my answer with actual case studyI recently put together a case study of one our clients that has done this every year consistently since 2016 and is now on his 7 house hack.

What ecosystem did you study, what guru?

Study the market.

Here is a solid case study where one property achieved $242k in revenue in its first year through the art of smart design and strategic amenities.What Made This Home a Standout Success?

Study the market.

I have studied several metrics tied to this for example the rebound of unemployment, population growth, crime rate etc. and there doesn't seem to be a playbook on timing of any of these factors unfortunately.I do agree with you that we are near the bottom, and based on recent data some may even believe that we have already bottomed...I have thoughts on that, but I will save that for another post. 

HOA has a Reserve Study outlining $400,000 in outstanding work that needs to be done between the two buildings and property.