I also wouldnt let your mom go into 2nd position on an investment property with any sort of restructuring; it doenst sound like she's in a position to risk being wiped out.Overall, though, if you want cashflow on the new property but cant achieve that after a refi into a market rate loan, it probably makes more sense to just flip it, pay off your heloc and your mom, and use the remaining capital for the next deal.

I’ve mainly been looking at duplexes, but I’m definitely open to properties with ADUs, in-law suites, or finished basements if they make sense for house hacking.

If they have an occupancy of 9, is the nightly rate high enough that it would make sense? 

This was a free REIA meeting, and I had been to several seminars and trainings filled with vague and unhelpful common-sense information before. 

that make sense, thank you !

Analyzing an investment with the Cash on Cash return makes more sense to me.

If that makes sense.

Makes sense.

We run a free predictive analysis for anyone that wants one to see if it even makes sense for them and approach it in a consultative manner and we welcome our clients to have their CPA's join the conversation.I'm not an expert in this field, yet.

Not to say you cannot find a deal in many of those states but for a first time investor wanting to be cost efficient it makes little sense to stick to those states.You do have states like Indiana, Ohio, Tenn, Florida, Georgia, Texas that offer higher inventory of home prices even 2-4 unit multifamily that are under $200K.