And since you are licensed, you can potentially do some sales on the side to increase income and save up for investing.

Plus, if you aren't able to get approved with what you've got now in terms of savings, credit, etc. you can learn on what you need to qualify so you know what to be working towards. 

Lastly these tools can integrate directly into your bookkeeping so you can automate the income portion of your bookkeeping which will help with your analytics/reporting and save you tons of time during tax season. 

Inherently the steps are the same as if you were purchasing with financing save potentially less closing costs and ability to close sooner (if needed).The terms of your offer (ie -contingencies, closing cost splits etc) will determine what is different. 

I have equity in my CO rental; I don’t have a large enough sum saved up for a down payment yet so I’m wondering if a HELOC would be an option on my CO property. 

We have been able to save up some money for our first turnkey multiple unit building.

If so, maybe wait a year or two and save the money for the purchase.

I wanted a house for myself to live in and I had been living with parents for two years to save money.

I’ve drained my savings.

Not necessarily a scam, maybe someone trying to save fees.