Be careful with the HELOC.

What are the options for dividing the proceeds on the sale of a home where 2 owners are “joint tenants” on title (not tenants in common), and it was the primary residence for only one of them?

.#1 I would be super careful with Class A construction right now. 

I mean they do it for low income senior residents and the multifamily affordable apartments that been there for a while.

I am leaning towards remodeling since it would be my primary residence initially and perhaps I won’t get much return on my investment but maybe just sell it to family/friends instead… well, time to find a contractor!

There are plenty of deals but plenty of terrible ‘off-market deals’ too so be careful and become an expert or get someone on your team who is. 

@Dave Van Horn is the resident NPN expert; he has an event later today so he might need some time to chime in here.

If you're a rookie and do not yet own a primary residence, have you considered house hacking your first deal?

I like the position of Wes Moss from his books and podcast - more than 1 source of income (RE + something else), paid off primary residence, a pile of liquid cash or investment reserves (he suggests $500k+). 

The other is it has to be your primary residence for 6+ months out of the year (it sounds like you would be doing it). 5.