My wife & I attended a 3 day Rich Dad Education workshop and it clicked for her and now I rely on her "intuition" regularly [of course it took me 15 years to realize this].I always recommend reading and/or listening to as much as you can.If you haven’t already, please read/listen to these books ASAP!

I'm not sure if the population is higher up north or the road layout is less conducive to moving everyone along.

You can always bring in partners.I would figure out what you want first and then lay out a plan.

I am looking at a flip where the sellers owes 82k(7k over my comfort zone ) @ a rate of 6.5.They are open for any terms i layout.

I've seen that layout in vacation/ lodge homes, spare sleeping areas . 4 storage drawers under the bottom bunks for gear/personal stuff?

Finding comps isn't necessarily hard, but you begin to get vastly different numbers for houses that are pretty similar.Given that I am new to this and want to minimize my risk exposure on my first rehab deal, my first intuition is to just focus my search in the zip codes I can easily comp out and I know will limit my risk of basing my decision on bad data.

I use the Intuit Payment Network (ipn.intuit.com).

It seems counter intuitive, but the larger banks have more strict rules because they are working for the share holders.

It's a 3 bed/2.5 bath colonial with a pretty open layout (considering it was built in 1969) which would have to go one of 2 ways -1) HELOC it and do a total rehab then list and sell for top dollar, pay off HELOC and use proceeds to fund this "joint venture"2) Sell as is, which is def going to be 50 cents or less on the dollar compared sold comps in the neighborhood (anywhere from 300K to 500K) and use proceeds to fund this "join venture"---> I'd love to hear pros and cons to both of those points <---From an investor perspective - what is the best way I should approach this?

So before you do anything with a HML, you need to lay out the scenario to your conventional mortgage lender and get a pre-approval letter.First, you need to find a conventional lender that can do the refinance using a new appraisal after no more than 6 mths from purchase date.