Welcome to the community and be ready for a huge amount of information at your finger tips.

2) Using our HELOC to supplement the down payment.. we do have some bonus payments coming at the end of the year we could pay it down plus the tax savings could help us pay it off, so maybe it would be worth it in the end? 

There a lot of templates online and Chat GPT would also be a good resource that could probably get you 90% of the way there if you gave it an example template and your specific information :)

If you have recommendations or tips that might help us start on the right foot, I’d love to hear from you.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Thanks for the tip. 

@Abigail KingStarting a first house hack in Peoria, IL involves researching, education, financing options, and management tips.

My primary residence is debt free as is my rental property-- the thought is the rental will supplement the retirement income and I'm not chasing ROI/ COCr / vacancies / etc.Thanks for the welcome! 

@Dave Foster is a great resource for everything 1031 exchange.