Definitely plan on living there and living it for a while, hoping to increase the value and add some equity to use to get a rental property, and at some point down the line I may end up selling or using as a rental but that's far away from now.

@Dustin TwiggsIf you are using a rental property for your heloc, then you will see 75% ltv or lower typically. 

I live about 1 hour from each property, so I will be using a more local management company, but with checks and balances to go through me (I want to see a prospective tenant's information; I also want to see repair estimates before any work is done).Both buildings have had some remodeling done to them.  

Try to get a 203k.If you think you landed a particularly good deal and using a 203k loan may weaken your offer too much, you can use a Hard Money Lender if the following is true:1.

Even with family, I suggest using a third party servicing agent (I'm not a servicing agent so that is not a "plug" I promise). 

Just using a maintenance mechanic to install them does not mean that your property is code compliant, or has been proven safe.  

I'm not advocating that a buyer use a POA, I was specific, I thought, about my mortgage company using a POA for deposits.

The contract says that I'll get a referee's deed.Originally I was just going to close using a title company in my own area, but I decided to go with a law firm instead.

There is no controversy or argument for NOT using a Mortgage Servicing company.

During my 3 day class, they were conducting "interviews" for their mastery program where I overhead an agent using a high pressure sales technique.