Hi Shayan, You will be able to close on properties quickly and have access to rehab funds immediately if you are able to qualify for a HELOC that can cover both the purchase and rehab.You should be careful though as if you cannot sell the property or you run out of rehab funding, you may end up being over leveraged.

You should be able to get some people there who are qualified to do that kind of research for you. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Further, the property may qualify for larger loans based on the increased cash flow ability to service debt.  

You won't have any problem finding someone qualified to help you sell and purchase.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

The problem (as you have cited) is trying to understand what you need (you don't know what you don't know), where to get it, qualifying its source(s), and the validity and usefulness of all that.Pardon me if I've gone into this too much, but I meet many people with the same concerns that you are voicing and this is offered, as much as possible in direct response to your post.Please feel free to contact me if you have any comments or questions. 

A $60K down payment will get you a $300K property (assuming your income is high enough and debt low enough to qualify for a $240K mortgage).

@Kezia Edmonson Yes, you can use a 1031 exchange to defer taxes on the sale of your single-family investment property when purchasing a multifamily property, but only the portion used as investment (the three rented units) qualifies.

Take home income (including any vouchers) needs to be 3x rent to qualify.