I haven't read this page to see what's offered as conservation incentives, and then compared that against your local market prices for "junk" land.

If you own 25%+ of the business paying your w2, youre still self-employed.There are bank statement/1099 loan program as well, which is what you have been offered.

I'd like to use this to make an "all-cash" offer on a SFR, and then convert that to a conventional mortgage to pay off the HELOC.  

Definitely follow the regulations in the area and if permissible I would offer to attempt to find an acceptable tenant and terminate their lease when that happens but in the meantime they will need to continue to pay.

I'd link up with some of the awesome agents above like @Eudith Vacio or @Edgar Barbosa and have them guide you through the city and what it has to offer based on your buying criteria.

You can also listen in on Rob Abasolo's Youtube channel (Rob is one of the recent Bigger Pockets host) and you will learn a lot from him.If this group offers an opportunity to invest with them or their properties, then it may be worth the price. 

They are both a bit pricey if you're not all in and closing deals, but they also offer a 7 day free trial.

Examples might include areas in the Midwest, Southeast, or Sunbelt regions.Multifamily Properties: Consider duplexes, triplexes, or small apartment buildings to increase unit count and spread risk across multiple tenants.Short-Term Rentals: If you’re comfortable with the management requirements, STRs in vacation or business travel markets can offer significantly higher cash flow potential than traditional rentals.Value-Add Properties: Look for opportunities to buy undervalued properties where you can force appreciation through renovations or better management.Decision FrameworkRun the Numbers: Compare the projected cash flow, equity growth, and tax implications of selling versus holding with a refinance or HELOC.

I have had previous requests for help with this situation, and that's the advice I consistently offer.

While California has long been a real estate powerhouse, Florida offers a compelling alternative with its own unique set of advantages.Let's spark some conversation!