Including, but not limited to:- market- capital required to renovate the four units that need renovation- expected operating expensesFeel free to provide here or message directly.

Do you think it's a good idea for me to start this way?

In my limited experience, I do believe a multifamily is more likely to cash flow.

I've heard you can designate a family member as an employee and avoid taxes if you keep their income under a certain limit.

Co-ops, on the other hand, involve owning shares in a corporation that owns the building and can come with more restrictions and limitations on how you can use or rent out your unit.If your goal is to dip your toes into real estate investing as a primary residence before building a portfolio of out-of-state rental properties, it may be a better idea to consider a condo over a co-op.

This type of conversion is a great idea.

Interesting idea.

On the HELOC side of things, i don't like the idea of taking an interest only 2nd position loan on your primary to cover a down payment on a stabilized rental.

Would also be interested, still not 100% sure what a mastermind consists of but I think I get the general idea and it seems like a cool way to bounce ideas off a tighter knit group.

Great idea