If your T lawyer's up, your insurance will hire one of their insurance defense firms to represent you on their behalf. 

The biggest lesson is committing to creating a great team over the LONG TERM.

Hey @Aasim T Bickiya, To kind of piggyback on what Deborah said, it all works out in the end.

@Dan Gamache $450,000 is the price, I t is a manufactured home community, all except one lot is rented I believe 

My point is that as someone who had been through a short sale and just starting to rebuild, I didn't want to put my name on the largest commitment of my life without a fiduciary.

We have in-laws that live in Chagrin Falls (which is why we're moving there - my wife wants to be close to her family) but we aren't committed to any specific area beyond "not too, toooo far from Chagrin."

With s/t rentals, the work may not be too extensive up front, but it is a very demanding business as you either do all the work yourself: filling out the units, cleaning, maintenance, etc. or hire a team to do it all for you, which will of course leave a lower bottom line for you, but it is the only way to scale. 

As for the refi, I don't see any upside there, simply because you will have about 45 days for loan to close, and that could kill any potential offers, on top of not being able to show proof of funds, if you are offering cash.The HELOC to me seems like your best bet, but again you are committed to not buying anything for the 30-45 days between you pay off and getting the refi closed. 

Use the interest to grow your OH S##T fund and at the end of the year pay yourself and your business investor a small dividend.

You cannot, by definition, buy an out of state FHA home without committing mortgage fraud.If you buy FHA, you are committing to living in it for 1 year.