I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).

Unless you're 110% confident in the MF purchase and you can drive up the value of the building quickly (6-12 months) and then secure longer-term fixed financing to pay off the HELOC or loan. 

Quote from @Jonathan Greene: Quote from @Corby Goade: There is no one more confident about their unsolicited advice than a person who just took their first weekend workshop.

Feeling very confident that once we are completed, this property will attract buyers quickly  at a strong market price.

You can do a subject to (although I've never heard of doing this with a HELOC) and there are a few risks to them and since the loan stays in place and the seller's name thereby stays on the mortgage despite selling the property, it will take some effort to gain a seller's confidence to do such a thing.You can read more about them here: https://www.biggerpockets.com/blog/2016-07-03-subject-to-rea...

Be sure to use bright colors and strategic placement to your advantage to maximize exposure.Perhaps even more importantly, however, you’ll want to memorize the property’s details to answer any inquiries with an authoritative and confident voice.

If the deal still looks decent in a worst case scenario you can feel more confident in going forward because many things things don't go as planned.

Hi Akshay,As a real estate agent and investor here in the Cleveland market I can confidently say that there are plenty of BRRR opportunities in Cleveland.

Treasuries will go "no bid" and there will be a collapse of confidence in both (i) the U.S. dollar, and (ii) U.S. treasury debt instruments [bills / bonds / etc].When this financial inflection point comes, you do not want to own assets who's values are directly tied and leveraged to the yield on U.S. treasury debt instruments (specifically commercial real estate where most market participants are max leveraged).

I' had confidence in my ability to perform.the seller needs Confidence in Your performance to reduce their risk.