Your scenario is possible but not probable...admittedly I have never done what you suggest I've been the seller financing sales in my IRA, but I have read several BP contributors that have substituted collateral.

@Felicia JenkinsI recommend going with a long term rental.

Quote from @Andrew Betts: Hi Michael - We own and manage homes in Solara, I can recommend it for a strong ROI, and there is full access to the clubhouse, and better quality food and drinks there, than at other resorts. 

Hey Jon would recommend checking out FB groups if you aren't local (looks like you're based in the Bay).

I'm hoping to learn from others on the forums, perhaps find some mentors, meet some people in person and watch them do the things I've only read about thus far, and grow my portfolio. 

It’ll give you an easy to read view of how many of the points raised by Dan H and Chris S play out in a deal. 

I read about a 1091 exchange and if i reinvest my money into another property within 6 months then ill avoid paying the taxes on it. is this a good plan, if not do you have any other suggestions.  

I plan to use a HELOC but would be interested in the thoughts of others in BPs on this approach or recommendations if there are other ways to financing that I should consider.

I'm reading books and listening to podcasts and such but having someone I can shadow is a more valuable educational experience.

Read your contract.