Any recent investors buy in the area?  

I want to buy a new private home and use my current primary residence equity (plus some cash) to buy a new primary house cash and then sell the old one.So, I am looking for a HELOC with little to no closing costs, as I will retain the money only for as long as I am selling my old house after buying a new one.Any advice?

@Omri Avital, I would start by trying to talk to your investor contacts that were buying your wholesale deals.  

You can read all the books and listen to all the podcasts, but until you know other real estate investors, you will not buy anything and not move forward.

The contract is assigned, then a buyer buys the deal and their money is used as they are the ones buying it. 

This supply constraint, coupled with steady demand, is expected to drive rent growth in the coming months.Capital Markets and Valuations: U.S. multifamily transaction volumes reached $38 billion in Q2, signaling a thaw in capital markets.

I plan on installing some form of termite protection after purchasing anyway, but is there anyway to make sure I'm not buying a house with a full blown infestation that could become a bigger issue?

If I buy the parcel from him, how does that effect his loan?

@Matt OwensI did a HELOC on my primary to buy a couple out of state rentals when I first started.

The judge did force the termination of the arrangement and my partner agreed to buy me out of the properties after the judge demanded they either buy me out or agree to sell the properties.