It's not going to retire you in 5 year but give it 10 - 15 and you're likely sitting pretty.That said, it's not as easy to pull off as it sounds and not as smooth sailing as folks will make it out to be.

This all depends on the loan factors like Credit score, LTV, DSCR ratio (rents vs the PITI payment), and loan size.Good news rates are down but the other positive news is they are trending down and that means you can pull cash out now and then simply refinance in 12 months or more to lower the rate.

I'm thinking the liquidity of the HELOC would be great to pull the trigger on a good deal when it comes and I don't want to pay interest on taking out money I'm not actually using yet since I haven't found a property yet.  

As much as 50% discount from replacement cost, so there is that "spring" built into values, just a matter of time until that factor pulls prices up, question is how long. 

Recently I started using nationwide title companies to pull title reports for me as I get them to also confirm if the title is insurable.

Would like to pull money out of that home for a downpayment on another home.

You can pull out 70-80 % on max cash out (110,00-$120,000)I would pay him back $110,000 And own the house outright. 

Would like to pull money out of that home for a downpayment on another home.

Finally, I pulled down the proof of insurance from their website portable.

I am not sure what the status of it currently is — already capped, I imagine.So based on my current circumstances, and in alignment with your suggestion, I was thinking that the best option would be for me to continue to live in this condo, continue saving up, and then combine my savings + pull equity from this prop to invest in an affordable investment property when I can, ideally after a year or so.