I did quite a bit of research when I heard about the HELOC to pay off you mortgage and then using that account as your main account to funnel all your income and expenses in/out of etc etc.....the principle is that you will have on average a lower balance that your are paying interest on each month etc.....and read a lot about comparing that method vs just applying extra principle to your mortgage.

I mostly need guidance on deals and tactics as my current tactics are pretty barbaric, I can power through any bad deal with my income from my full time job.I hope I introduced myself properly, I am open to any and all suggestions.Thanks,

Arthur Voskanyan  A cash out refi is generally a first lien 30 year fixed rate VS a HELOC is 10 years interest only second lien with a variable rateRates depend on the loan amount, your credit, if you occupy the property, the loan balance, ect @Chris Mason should be able to provide you specifics

My business partner and I have been pulling listings, visiting properties, and working our way through the Deal Calculators to try to gain understanding of how to properly evaluate MFH deals.

what's the problem here besides the buyer backing out and if the buyer is not backing out properly he is still obligated to purchase the property

So unless you have a strategy for paying off the HELOC balance quickly, I think that cash-out-refi is a better option.That said, even if you do a cash-out, the lending bank may still balk, unless the the funds have been "seasoned" in your bank account for 2-3 months, as @Dave Van Horn suggested.

Expansive clay soil and if the structure was not properly designed and constructed, the result can be complete failure of the structure.

Does it make sense, in the cold light of day, to think that they've really got these fabulous bargains, reserved for just the select few who are happy to start off with a minus $25k balance?

So when they lend you that $96k, whatever you still owed of the $82,025 you borrowed originally gets paid off, and the balance is handed to you as cash (or, credited to your account)!

A lot of money can be made with proper negotiation.