This would buy time to improve cash flow or explore better refinancing options.Ask Your Lender: Would they consider lowering the rate temporarily or extending the loan period while you stabilize cash flow?

Is it foolish to consider using the HELOC for the down payment?

Since you’re already in the LTR space and looking to grow, have you considered leveraging your commercial expertise to explore multifamily properties?

Have you considered which markets you're most interested in? 

You might also consider creative strategies, such as renting parts of the property to cover expenses while you navigate the process.Best of luck, and I’d love to hear how things progress.

When we looked at what his cashflow is currently, and then considered what he would net out of a sale post tax, he decided to keep owning the properties.

I’d recommend focusing on building connections in Denver, exploring local markets, and considering strategies like house hacking or buy-and-hold investments to help you reach your goal of becoming a millionaire by 2027.Good luck!

Vacancy can kill you in any of the markets you are most likely considering but if you get good S8 tenants in a property they are much less likely to move. 

In your opinion, would someone be considered an expert after completing 2-3 'smaller' multifamily deals, or is it more like 5-10 deals?

Since you can’t do a formal inspection, a detailed contractor walk-through and phased renovation estimate are key.Have you considered checking city records for past permits to uncover any unaddressed issues?