If you are stretching yourself thin, then the HELOC approach may not be best.

Detroit has more to offer though:)Overall, your approach should be strategic and you should be targeting a specific Property Class (A, B, C, D).If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Here's how I approach it:- Acknowledge the Seller’s Perspective: First, I make sure to recognize that the seller might think they could net more by going directly through a realtor.

It's been a game-changer in my investment approach, and I've completed two deals this way already.

A rather unscrupulous approach by some investors is to go to the homeowner after the auction and say, "I'll give you $X,XXX dollars if you will sell me your house for "some price" that is less than they would have paid at auction.  

I can speak with you on the best way to approach this.

Balancing both goals can be achieved through a hybrid approach, where a portion of funds is allocated towards paying down the primary residence while also saving or investing in another property.

It's great to see your strategic approach to growing your multi-family holdings.

You may also benefit from taking a more personal approach to sending out your deals.

Fannie/Freddie loans come from those agencies so we know those rules BEFORE we even approach a lender.