First of all, we understand prices in Colorado have been rising way more rapidly than other parts of the country.

I worked with an agent that I competed in a body building show with oddly enough and if you are around the Conroe tx market his name is Rodolfo Solis 936-444-9231

I also understand that the cost also reflect what you get and at the same time don't wanna pay too much.

Now I am new to the real estate scene and I do have several questions that I want to mark off my list so I can get a better understanding on this.

Understand that a HELOC has a carrying cost every month.

We have only approached 1 lender (large, online only lender), but had issues getting them to understand our total situation so the amount they would lend to us was insufficient.

Just wanted to clarify that and make sure I understand what you meant by requiring less money down.

It's best to consult with a real estate attorney or financial advisor to understand all your options and potential implications.

Just make sure you do your research and understand all the costs involved, including renovations and potential rental income. 

While I do not know the specifics of the purchase or exact location, I understand the Philadelphia market well enough to place this property in a lower tier neighborhood based on the ARV Mario shared.