If your game plan is to pay it off with prepaying all your money you absolutely need a HELOC however don't need to use.

But it's in your interests to make sure the property value makes sense and the borrower has skin in the game.

I have been playing the multifamily game for almost 10 years now, and the GRM is one of my least favorite methods personally since it ignores so many important factors (steam boiler versus electric baseboard heat as an example). 

Baselane rolling out this feature was a game-changer!

In the end, you have 2 choices when there is a change, blame the system or find a way to win the game.

What is your end-game reason - it can't be just about the $$.You're in the perfect place here on this forum.....ask questions, lots of them...

Person new to real estate trying to get in the “game” with little or no capital and trying creatively.  

These types of loans typically require at least a 10-20% down payment, as lenders want to see that you’re financially committed to the project.There are ways to get creative but they still require some form of skin in the game. 

Like @Sarah Miller and @Marcy Albrecht said, you can buy places within the city limits but it's still about location. with that said, i'm always looking out for my end game. one of the issues with buying in certain parts of canton is that when you decide you're done, you may not be able to unload your properties.

Follow Createdinero and intelligentcredit for free game and breakdowns on this.