Once completed you need to have a lender at the ready who can delay finance the deal so that you can pull the HELOC funds out and put them back in the HELOC acct.That is the gist of what I would recommend for your situation.All the best on your journey!!!

I encourage your friend to forward the unredacted prom note to the SEC via this link https://www.sec.gov/tcr Click on Submit a Tip.

I would never recommend it unless you have the very best team in place that you trust like family.

If you are looking to invest out of state, I would recommend Columbus Ohio!

Needless to say, as you mentioned, that is no longer the case with current market conditions.I'm biased, but I recommend exploring and considering the option of vacating both units and renovating both sides for PadSplit.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I moved to miami florida to study the economics and help apply it and it was a capital market as well. if you don't live in a capital market like Chicago, New York, Austin Texas, Los Angeles, San Francisco, california or miami florida I'd recommend moving to a market like that too. it will change your life. 

For those who manage your properties out of state, what door locks would you recommend?

I recommend you start with duplexes as you should always have a paying tenant.

If you're planning to invest locally, I highly recommend it.