In short, this is the exact same process as any other transaction...contract, title, close...some thoughts...Down- 25k is a bit light (even though this is all relative...I personally offer 10% down to open and some folks are fine with that)...I would ask for 20% down to protect the interest of your client...the buyer would get a 75% LTV product from a bank if they were not occupying the property.

I have some funds to get me started, but not enough to purchase the entire house out right, so I cannot purchase house through auction.

We raised that portion of the funds through a partnership in which we gave equity & share of the cash flow away in exchange for the rehab money.

I have funds to cover around 100k purchase, what should be my general road map on the funding?

Funds are being used attorney fee's, etc. 

Like many of you, I’ve put in the hours and years at my day job, saved, done the right things, and realized that I need to be doing more than relying on stocks and 401(k)s (I’m not a fan of mutual funds).

If you plan on continuing to invest and have a long-term perspective, then creating an Opportunity Fund and investing in an Opportunity Zone property might be a better solution.What is it that you want or need?

I believe current max LTV on an investment property cashout refinance for a duplex is 80% but want to confirm. 

Essentially the bank is funding itself to get into the loan.

Hi,I am getting ready to buy my first long distance investment property with funds drawn from a HELOC on my first home.