Tampa, the main seat of Hillsborough county, has seen a cool off just like the rest of the country and getting a 4 unit in that price range is attainable.As you mentioned, you first want to buy a place to live in; this could be the perfect setup: live in 1 and rent the other 3 out to cover your mortgage and maybe even have positive cash flow.

Congrats - looks like you nailed the timing on the financings perfectly!

Yes there are two lenders doing non owner HELOCs but they only take simple cookie cutter high FICO deals (as is second position) and borrower has to be perfect. 

Hey @Haickel Padron - I think @Bryan Martin provided the perfect response.   

I think the perfect book that I can recommend for you to read is Set For Life by Scott Trench. 

Unfortunately, I do not know the area, but it sounds like you should have some boots on the ground to help you find the perfect property!

Perfect fit for me would be 2bed/1bath on each level.  

The house was perfect and in great shape.

Just understand you're forecasting will never be perfect and some things may come up sooner rather than later. 

The downside is you could waste a bunch of time between inspections waiting for the perfect amount/person.5) You can accept now and implement a rent increase in a year.