One of my connections will fund the rehab for less and give it all to us on the upfront to finish the project at a lower cost.

Everyone will tell you it’s great to get started early, or you can just move after a year, but in the current environment in our region the rent your property will generate after you move out will likely be less than your mortgage, if you are tied to the area and feel confident you want to stay in whatever property you buy for 3-5 years go for it, if you want flexibility rent and throw that money into and index fund. 

Just make sure you keep enough in an emergency fund in case a roof or furnace goes out. 

@Jaycee Greene I wouldn't have the funds for the down payment. 

I'm curious about how you are funding the renovations. 

Technically, you can't buy a (mortgage) loan interest rate below the federal funds rate right ? 

I still have my W2 that I’m  not ready to walk away from since it is funding my real estate investments.

You or your lender funds the deal.If you’re unsure how to fill out a purchase and sale agreement then an agent could offer this service.

Demand termination of the contract and transfer all documents, funds, keys, and anything else they have to you or the new PM no later than [DATE].

I got approved for a HELOAN on my primary property but not sure if I should take the loan to just use as “leverage/reserves” to show the HML and get funded.