Chris -   some lenders  will not let a HELOC in 1st position.....so watch for this …...most lenders  will not do helocs on  investment  property only on primary residences  ( there may be some exceptions )   …..if these have 2 adjacent tax lots - you prob wont find a lender to lend one loan on both  properties  …..I would recommend  checking with the smaller banks and cedit unions in your area ( n Pierce / s King counties ) good luck

Granted I could always try and re-do it in the future and even try and go to zoning to get it made a 3-family over the 2-family, with that kitchen, 1-bed, and 1-bath being an individual unit.All of these options obviously have their individual positives and negatives. 

It has been vacant for a while and i am the only offer to strengthen my position and she just want to sell asap. what i am hung up n is should I go with another "counter offer" or a "final offer" take it or leave it? 

That way you can raise the rent whenever you want and when it’s more convenient for you and you’re in a better position to deal with a move out (if that’s what they decide to do).

He came to me because he knows I've been studying and positioning myself for the past year or so to get into REI.

Thank you for all the feedback!

I'm looking at this Deal on a 4/2 SFH in the Phoenix, AZ area and would love to get feedback on the analysis.

Nice to see a positive experience with a tenant!

I am in a fortunate position at my day job that allows me to listen to podcasts on the job.

You are in a great position being a pipe fitter to get into buying places that need some TLC!