And it has been gaining recognition as a vibrant, desirable place to live, especially for younger professionals and first-time buyers. 

I haven't booked anyone from FF this past year, but I might keep one unit open to keep the conversation open.

Are you looking to live in one unit and rent the others? 

With the HELOC and then converting it to a term loan you will probably be paying higher interest and/or shorter amortization period on conversion which will mean higher monthly payments.

I used to live downtown and was on the zoning board.

My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $140,000

Cash invested: $24,000

Sale price: $220,000

I knew from the start that I was going to buy this propert...

I live in Sheboygan Falls, WI. 

I would start close to where you live personally. 

The law does NOT apply to landlords:With less then 5 rental unitsThat live in one unit of a duplex and rent out the other unitThat rent out rooms in the home they occupySo, landlords can no longer state in their rental ads, "Section 8 not accepted".The reverse is also true, "Section 8 only", cannot be used.We've always recommended screening S8 tenants the same way as cash-paying tenants.Landlords waiving application fees and/or security deposits only for S8 prospects may also be violating Fair Housing.