@Sam Trulli, have you ever thought about exploring single-family homes with in-law suites that can be sourced as an STR?

It is critical to know which lender will be able to suit your needs. 

They appear to be suite-like properties.

If it's down payment towards another property, then a HELOAN is usually better suited than a HELOC. 

Hi Adelaide,For STR - you are going to get most of your business from all the sports events -- racing - Indy 500, football -Colts, NBA - Pacers, WNBA - Fever (Caitlyn Clark), We just hosted the Olympics swim trials, other events include Big Ten Championships, NCAA tournaments (NCAA headquarters here), and the Combine (recruitment for NFL).We also have a pretty busy convention center -- not huge like Vegas or Orlando, but it is solidly booked year round with events like ComiCon, GenCon, Firefighters Association, Future Farmers of America, Candy Expo, and various others.For MTR, you are looking mostly at traveling nurses and medical personnel, you also may get contract workers for the larger corporations like Lilly, Sales Force, or Rolls Royce.Happy to hop on a call and discuss further.

Your lying and misrepresenting the facts and reality to suit a narrative. 

I don't have a network of investors I am part of, and honestly I don't think these properties are especially well-suited for an investor.

HELOCs generally are not so well suited for long-term debt as a mortgage.

I think this is why they wanted to attach the licensing requirement to these kinds of deals - to give them the broad leeway they want in saying what people can or cant do without having to write 4,000 laws.I don't know that this law as it's currently written will withstand the suits that are sure to come from investors asserting that the marketing of a contractual position to buy a property is not captured by the wholesaling definition (and I don't think that it is).

So, do you have any advice for a first-time house-hacker wishing to jump into the appreciating deep end and swim with the sharks?