I'd like to get into the multi-family space but will obviously need a larger amount of money to get a 20% down-payment for a more expensive property.

Talk with a qualified attorney.I wish I had the money to do this, but unfortunately I'm not in any better position myself, although I have the equity, I don't have the income to support any further financial obligations, otherwise I'd just make the cc payments for her.

On the east side, in Redmond, we are currently living in a property worth probably 1.6 with about 600K outstanding - and a monthly payment of about 4K including mortgage, insurance, property taxes etc.Looking to leave the area.Does it make sense to rent it out given that I’ll probably get 4K in rent?

Lawyer has been paid, Architect already has a down payment in which he created some plans already.

Should I pull out a HELOC in order to pay for the renovations, then use my personal savings for the down payment and renovations on the next property?

My real estate agent talked us up to $1.3MM, same down payment and 6% rate. 

I need to put down 60k for my down payment.

Every market has good and bad areas so be warey.When considering ROI on single family vs. multi, the multi will provide you with revenue to offset your house payment while you're living there. 

Initial owner was on a contract for deed where, unfortunately, they were unable to meet their payment obligations. 3 investors involved in this deal. 1/3 split up front cost. 30 year conventional financing with one investor assuming loan while all parties had a legally binding MOU.

If you ask detailed bids for each items and look across multiple bids, you can confidently estimate the overall rehab cost.In general, the best practice is to pay the contractor across multiple payments - before rehab, during and after.