I would suggest that you get with an attorney that represents real estate agents and run your plan by them.

Burlington, Camden, and Gloucester counties are the main areas I’ve been searching since I need to stay closer to Philadelphia.I plan on living in the property for a few years and renovating since I have a lot of experience.

Based on the court foreclosure documents, there are automatic silent liens of estate/inheritance tax from the NJ as well US.

We Plan on living in the main unit for over 5 years atleast.

Good morning Ashley, It depends on what you plan on using the HELOC for.

You just really don't want to take this on if you can avoid it because you will automatically be in the hole with not only a non-paying tenant but the out of pocket costs of the eviction, which can be substantial.

Yes, I plan on reaching out.

Plan for funding the reno was through my W2, cash I didn't use on the down payment and a business CC with 1 year zero interest. 

I don't plan on buying anytime really soon but I'd love to start connecting with more seasoned investors and local professionals within the area.

In addition, I included my plan strategy in the attachments.