The condos I am looking at range from $110,000-$140,000.

What is your favourite world wide market?

(You can't move earlier than a year and get another primary residence.)If you buy a 4br in the $500k range and put 5% down, that's likely $3300/mo or so.

The driveway is wide enough for 1 car, but long enough to fit 2 cars on it by blocking one in.

Also, I've added about $250 to my monthly costs to cover utilities.Looking on Furnished Finder, I do see plenty of places in my approximate price range, so I thought my target (average of $1100/room) was competitive and reasonable.

If the second property you are buying is not turnkey, will require some work, and there is a clear value/range of what you can bring the property to by adding value then you can refinance to pay back the majority if not all of your HELOC (used for downpayment or to buy the property completely).You'll need to know how to analyze an after repair value of the property to figure out if that technique can work or not.

To give some context, my budget is around $300K, so any recommendations within that range would be especially helpful.Looking forward to your advice and suggestions!

As I matured in my career I have expanded my lender network and product line with the goal of carrying a very wide variety mortgage products at the best rates.

I have been in the 70% range before. 

Neighbors interested.It’s a double wide trailer. 1980s.