I have been saving for a down payment on a rental property.

Your great credit, cash in checking and savings, and property ready to cash flow are the basic conditions to qualify.

Personally I only use my HELOC on short term projects like flips, new builds and BRRRRs where I know I will be replacing the capital within months.You may be better off waiting a year and save up more cash or liquidate your index funds if the returns on a property will be better.

She's asking $700K.My question is how do i start the process of obtaining this property without having to sell and 1031 exchange my current duplex.I have not much in savings, and no where near 20-25% for a down payment for the new property.

Many of us want to save cash to be able to purchase the next one.

Most will also sell to public if you have the storage space and want to save money in the long run.

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Best advice either save some money or use a DPA.

but if you want immediate cash flow - you're better off in a savings account.  

I know this isn't a great deal, but this is where I am currently living and plan to until I can save up and do it all again!