If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

Most agents paying for leads are inexperienced, which is why they need to pay for leads.Look for an agent with a minimum of 15 years of active experience.

Regarding a HELOC, most banks will only provide a HELOC up to 75-80% of the property value, so you may not be able to access a HELOC for a while.

A mentor ship program is how most people do it.

Setting financial and lifestyle goals and using lessons from your current setup can help.Good luck!

Generally if your property was under your personal name, most financial institutions would go up to 80% Combined Loan to Value (CLTV), but because of COVID 19.

This was my first deal, and house hacking made the most sense because it lowered the threshold for risk in my mind.

If your rent ends up being comparable to your current mortgage, it might not give you the cash flow flexibility you’re hoping for.

Go to AirBNB app and research which areas have the most listings, that usually means that its a HOT area and if you run it right you can succeed.  

Property Managers:While realtors are great at buying and selling homes, most aren’t trained in the intricacies of tenant screening.