When the World Trade Center was crashed into, the owner collected double on the insurance policy but then had to give half of it back.  

I have not done a 1031 exchange, but my understanding is that often times people do that to "trade up" to a larger (or bigger) asset.

I’m seeking advice on how to fund properties typically priced at $66K or below, as well as properties around $100K or under.I’ve been looking into the BRRR method and Section 8 as potential strategies.

@Jerry Zhang - What do units normally trade for in the area?

I work in the trades as an electrician.

HOWEVER, for 1-4 unit properties comparable sales is the predominant method appraisers use to establish value not income.

I’m not at a place where I can altruistically give my time without trading it for income.

A Heloc is a open end mortgage like a credit card so its an additional trade line on credit, cannto never be used as an Asset, PITI reserve, and its a DTI killer in most cases.A heloc is also usually set up on a shorter term versus a mortgage, carries a Higher interest rate, and most carry a interest only with a prepayment penalty.

If not, you're gonna run into many more issues that will take longer to fix.2) What is your lead gen method?

I did BRRR method for an awesome SFH in Williamsville NY.