If you have a method of paying that HELOC back then that is the less expensive method than a traditional mortgage.  

Having your license also makes it so much easier to find, see, and analyze properties since you have access to the MLS for pulling comps and getting showing instructions.You may also find that you actually do like working as a realtor on more "traditional" transactions and helping people (both other investors and retail home buyers) buy and sell homes or manage properties, and it can be a great alternative income stream.

We are currently using traditional financing with 20% down.Unit 1 - rent = $495Unit 2 - rent = $650Total income = $1145Cap rate (based on our offer) is 16.4%Cap rate (based on asking price) is still 14% ROI = 34.41%Picture below is from Bigger Pockets calculator:Picture number 2 below is our own calculator at full asking price purchase: if we were to increase rent on the smaller unit our cash flow will increase (easy added value).After walking through the property twice we see no real updates that are needed. ($0 estimated repair costs)We are waiting to hear back from the agent if we need to counter offer.  

Do you have pictures of the house empty, or with more traditional furniture? 

If you want traditional financing from a bank, how to get it would be finish school and find a job before trying to get a loan.

Typically we are focused on a more traditional BRRR approach but this one had a unique potential value proposition that we wanted to explore under contract.

Is it easy to have a positive cash flow assume 20% down with traditional finance?

So there seems to be this concept that "wholesalers" are out to trick, scam, find a sucker, etc.I don't even wholesale in the traditional sense, i.e.

I always thought that when you transfer title, you trigger the due-in-sale clause in a traditional mortgage.I see questions time and again from investors who want to transfer ownership of their residential property purchased with a traditional mortgage into their LLC but are worried about triggering the due on sale clause - or worse, don't even know the clause exists.Some of our (non-lender) members say this never happens.

Save the 10% of a traditional PM and make this turn a little profit for you.