Average 2-4 family property values are up nearly 6% year over year. 

If you're just going in to learn, you could probably gain some value.

Use a payment processor to pay the original note and any wrap if there is a 2nd position secondary note that pays the seller the difference between their current mortgage and the total sale value. 

Some pretty good value.  

Interest rates between a HEL and a refi are comparable, the equity in the property is equal to the value of the property and I only need about 50% to purchase another property.

I used free tools like Zillow and Redfin to come up with a home value, asked him some questions about the condition of the home, made him an offer, and he accepted it.

Comes down to personal values, goals, risk tolerance, and time.

Rising property values help, but make sure the numbers work with high carrying costs.BRRRR: Great strategy if you can still find properties below market value.

Conventional How did you add value to the deal?

Or if they are doing value-added multifamily, they will show you their hotel experience.