Hello Jonathan if you investment property gained equity would be a good idea to cashout refi those and pay off the Heloc, of course we have to check the scenario and analyze your specific situation. 

I learned a ton of information in my four years at the Colorado State University school of Veterinary Medicine, but it pales to the practical and applicable information I gained with boots on the ground working with older and more experienced veterinarians on a daily basis. 

So for this program if you qualify and are able to afford the full value of the home you only have to pay the mortgage on 50% and then after 3 years you can sell the home and keep half of the profits and any extra equity or gain in value and buy another home in another area?   

I want to be clear that even rent ready cash flow is not passive; residential RE even with a PM requires effort/work.  

No pain no gain. 

The seller would like to net the most but also carry a note after at least 50k in taxable proceeds, in order to defer her capital gains.

I certainly expect to make mistakes, but hope to minimize through mentorship from others, and what knowledge I have gained through appraisal experience. 

If you or anyone you know might be interested in helping me gain experience/knowledge in property management in exchange free work, please reach out. 

In a redemption event the [new] investor/owner does not get to make a gain they get to be made whole. 

A 2-4 unit as highlighted by others above is a great way to reduce costs of living, gain equity, and eventually move on while retaining the asset for cash flow.