Less overall headache+ instant equity.

House hacking can certainly be a great way to build equity and reduce living expenses, but it’s essential to have a cushion in case your rental income doesn’t come in as expected or renovations take longer than planned.

Best of luck on your continued journey, HELOCS can be a great tool to utilize untapped equity in a house.

Buy their equity over time with no intrest. 

He was a realtor based in the Midwest (I think the greater Chicago area) and was talking about off vs. on market deals and the importance of choosing equity over cash flow. 

The parent must file a gift tax return annually, and any remaining balance is included in the estate.If the home was your primary residence for at least 2 of the last 5 years, you may exclude up to $250,000 ($500,000 if married filing jointly) of capital gains from taxes.

Long time Scranton resident, investor and realtor here!

Investment Info:Single-family residence wholesale investment.

Based on how I am reading your summary it sounds like there is solid equity in the 2-family in order for a bank to cross-collaterize assets. 

A typical BRRRR in DC creates $200k in equity.