@Veronique Leroy I would say it is possible if you force equity, hold for a few years and then sell and then average the return of the whole profit over the timeframe of deal.

If you don't own a primary residence I'd start there.

The City I invest in has a somewhat outdated rule that states an emergency contact must reside within 60 miles of the residence. 

Some have more than $1 million in equity, while others have less.4.

If you are going to be doing the rehab work in exchange for equity then that value needs to be determined up front with a specific timeline that you have to adhere to in order to earn your equity.

Would a HELOC or home equity loan on my personal home be a good idea to fund this?  

For our last single family residence we had a young married couple move in with a brother, all three applied.  

Multifamily is considered residential since people reside in the structure. it's part of contractors license law, our testing is on it and violating can and will result in punitive actions.

Investment Info:Single-family residence buy & hold investment.

I just bought my first investment march of last year I gain over 50k in equity  .