Typically, these are families looking to ensure the property is within the desired school district and driving distance.

Do 1031 exchanges into small multi family properties (4 units or less conventional financing). 

We are looking multi-family and duplexes so the prices are definitely higher. 

He is not in a position to begin lending money for several reasons.I assume the HELOC was made against his personal residence.

And this means the deed must be allocated appropriately between the tic owners.If you're buying the property under your name and are trying to get primary residence financing that is where you may have trouble with the lender. 

@Caitlin Logue Single Family Houses  .Both LTR and STR

My wife and I are going to turn our primary residence into a rental. 

I purchased a fourplex using a HELOC on my primary residence so technically we bought the fourplex "cash" with no mortgage.   

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence fix & flip investment.