Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

if you plan to make these types of calls and you have concerns about making some people mad, don't pose as some type of big company...If you pose as a guy looking for a house, wondering if that house they own is for sale, I just don't see that you'll run into any problems.

So, if you are bidding in a competitive market, a HELOC will serve you better because you can show a proof of funds of the money in your account.

Depending on your credit score and the history it is possible to qualify for these types fix & flip loans.

Then you may have to do this via a TIC or a merger type transaction.I would discuss this with your CPA a 1031 expert in your area - presumably the person who will be helping complete the exchange. 

We messed around with having low skill or runner type of people sitting there, but then they were not 100% sure to talk their way through scenarios nor did the inspector have any rapport with these people.  

I'm looking to purcahse a triplex or 2 unit using fha loan also live in one unit. any advice on which suburb of chicago is good to buy this type of property or where i can find that type of property spending no more than 350k. any advide will be very appreciated 

My experience tells me that there are probably 5% of agents that would be able to assist you with this type of deal and finding them would be very difficult.

First, there's not enough money in the budget to hire all the deputies they need to serve these things and Second, even for the ones they have money to hire, they can't find people to hire.

Over 600k it's more of a write-off type strategy or a high end STR or MTR.