And yes Colin offers MLS only with a one time fee hope that helps 

Private (hard) money might help with renovation but will be pricey.

I'm trying to be specific and helpful for the question posed by OP, for his particular situation.

(Doing this one well should help you with the following two.)The second would be to invest in your education on how real estate investing works.

.- at year 7 if value appreciated a lot, can i do a HELOC on it and use that HELOC to pay off the balloon - probably not due to lien being secondary etc on helocYes on the HELOC, but it would probably be easier just to refi and pay off the seller, and cash out more money too.Hope that helps and good luck!

This was traumatic for me and helped shape my belief system.

If you decide to get an attorney involved, Earnie Garcia could be a good option to help you with this. 

I am also active with Flips and own a few 4 plexes...Im a licensed NM Realtor would be happy to help set up a few searches, look at properties (Virtually as well), and tell you more about specific areas of town with the pro's and con's of each. 

In addition to being a lender, I am an investor as well so if you want to give me a call so we can discuss your numbers, I'd love to help you out!

@Dillon Clark-don't pay extra down on your mortgage-don't use a HELOC-save up as much as you can-hope this helps