You want to make sure the investment is solid and then focus on the benefits.

As Nathan stated.... you have solid policies and protocols in place and you follow them.

Refinances, it is more obvious as there will be modifications to the property that are evident on the appraisal.

I think a heloc is a solid method to fund a flip.

When it comes to repairs, I recommend talking to contractors who can walk through the property for you and give you a solid estimate.

If you have a solid plan for balancing loan payments and homeownership, it’s definitely doable!

Hey @Nicholas Hausmann - I can't provide much feedback on Springfield Illinois it self since I am up in Chicago, but it seems like from what everyone is saying it's a solid cash flow market.In general, it sounds like you have a solid plan...I recommend making some trips there to meet some of the local investors.  

The title company does all the legal work and can make sure your contract is solid.

My advice: don’t overthink it—your first house hack is about learning, so pick a strong rental market, ensure solid demand, and lock in a deal that gets you close to break-even or better.

Denise’s approach to passive investing in larger deals would also be a way to generate solid returns without the stress of direct ownership.If you’re looking for actionable next steps:Speak with a business broker to explore your options before selling / tapping into your equity.Talk to a lender to see what financing and leverage options exist.Look into syndications or passive investment opportunities like Denise suggested.Join local and online real estate groups to connect with people successfully executing these strategies.There’s no single “right” answer, but the key is making a decision that keeps your money working for you without locking you into another job.