In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents.

I would be able to use the cash flow and cash flow from another property to pay off the HELOC. 

In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents.

There are very few high paying jobs in the area (IMO) so most of the high income earners are working remotely for other places. 

The argument was akin to saying we needed to call county clerks to confirm escrow attorney recorded our transaction when that's what we actually pay them to do in the first place. 

@Amy Webber“HelloFax, the Web site that finally liberates us from the worst gadget on earth.” 

You can do it yourself but I would recommend paying an attorney to do it for you.

There will be more work and headaches but the property will be more advantageous in regards to deprecation, principal pay down, appreciation over the next 10 years. 

I will ultimately spend $35,000-$40,000 more on finance charges when looking at the total picture (not paying the $50,000+ pre-payment penalty) but was able to complete the transaction with $320,000 less equity.

Then go to another site to learn more about the house you are interested in.