If a bank sells a note to Dion at 87K, they know he's in the business of selling, he sells for 95K to someone else, that is an arm's length transaction, the borrower had nothing to do with it.

In the meantime, the paydown of the LOC every pay period helps you reduce the interest you pay on the LOC.HELOC may be limited to a small number of transactions every month so some other LOC may be more useful.

I don't know Marco, but for his sake I hope he comes out above water on this simply because of the amount of investors that are getting royally ****ed.But just cause see someone on business transactions doesn't mean all is good in the hood.

You have limited time to complete the transaction before the sale.

These foundational elements enable you to navigate transactions successfully and make informed decisions.While there are many resources available, including courses and mentorships, the reality is that without a foundational knowledge base, you might struggle to apply what you've learned effectively in real-world scenarios.

That means either you won't cash flow or your Return on Equity (ROE) will be terrible.Since this is your primary residence you'll be exempted from paying capital gains taxes when you sell.If you sell to your parents, it will be considered a non-arms length transaction and will get closer scrutiny.

Studying a lot and trying to get all the metrics aligned to help finalize my first transaction.

I’m wondering if anyone would be willing to help me out with the transaction to make sure I’m not overlooking anything and making mistakes.  

If they're not familiar then it's your chance to get your foot in the door by bringing 1031 education to them.It's been a few years since I checked but at one time NAR showed statistics that of all the transactions potentially qualifying for 1031 exchanges, only about 10% were actually handled that way. 

The 2% negotiated reduction is the better transaction.