that was 7 years ago though and inventory is much tighter now.yes on auctions - you often have to buy with incomplete or incorrect information, and so just very tough to do as your first or second deal.it sounds like you're doing some of the right things in terms of starting to build a network, but it's just very tough to act when you need to when you're out of state. 

I think using a heloc is a sound strategy, but be sure you find a deal where you can cash out refinance into a more stable loan.

.$4300 in origination fees on $283k is 1.5% for a commercial loan - sounds about right, maybe a bit high. 1% is mostly the norm.

Hey @Liz Zack I will start off by saying that I am not an attorney and this is not legal advice.I do not know all of the details here, but it sounds like you are going direct to seller on this deal.

House Hacking sounds like a great idea to me and I'd love to go that route.

I’ve also considered cash out of state multi-family but doing multiple into one 1031 exchange on my first time sounds risky and stressful.Mostly I like the idea of selling a house here, 1031, then a cash purchase in the midwest/south etc (Then if successful, repeat).

@Colleen Sutherland Congrats on your first house hack, sounds like you're already learning a lot about ownership in properties and looking for your next deal.

It sounds like you've been working hard on that first deal.  

There are 2 parties to the mortgage loan the borrower and lender and in the end they have both received what they should have from the sound of it. 2.

Sounds like you've got a good buy box and plan, executing is the hard part!