All three must be fully understood and incorporated simultaneously in order for any of the three to be fully effective. 

Hello @Kyle CalicaI would recommend going to local meetups and finding more like minded people.I know starting off I didn't have many friends who understood why I wanted to invest in real estate, no matter how many times I explained it to them.

I understood Scott Smith to say that his firm is in fact creating series LLC's used for holding notes and which can also work as a vehicle for doing note JV partnerships.  

The lady processing the loan said she understood, because her dad does the same thing, but it wasn't her decision.  

If, on the other hand, I use cash or HELOC, there is no loan on the property to refinance and he can only do a cash-out... which, if I understood him correctly, means then I would have the 6 month seasoning period, lower lendable LTV and higher rate because I'm doing a "Cash Out" rather than a "Refinance". 

Ive never understood why people think a duplex is supposed to provide a better return that a single.     2 words...  

If I understood you properly, that's a starter consideration as one enters the industry not an ongoing thing.  

@Wayne Brooks  Understood.  

If you ever have any questions on the different areas around don't hesitate to reach out, I learned a lot from asking other students/friends/co workers and real estate agents that grew up in Nova Scotia and really understood the demographics.Good luck on your house hacking journey, it will certainly pay off for you and your family!

and the cap rate was at at 12% if I understood that correctly.