I'm working on increasing my income to hopefully invest in future properties, and trying to help my friends and coworkers on the path to home ownership since many of them are renters in their 20s and don't know the options that are really out there.Here is where I'm stuck: someone I know is currently renting.

We should be able to sell it for $125-135K.As I said, our plan was to flip it, BUT after listening to a ton of BP podcasts, I've been getting really excited about the idea of rental properties, as an investment in our future. 

If you want to make it big in anything you will need to forgive yourself for anything in the past and set your sights on the future.

You may add that you will keep the application on file for future consideration.You should keep a copy of all applications anyway. 

Every primary residence I have purchased, I have required a survey.Going forward, would you recommend surveying future properties?

For example, a HELOC is a variable interest rate...so it's hard to know what your payment will be in the future. 

This is an example below but easily could be done in the future of my business.I️ sell my free and clear property for 100K, which is what it appraised for.I️ purchase a property worth 160K for 90K and it needs 10K repairs and I️ wanted to use that 10K left over to invest in the property I’m purchasing.What happens in this scenario if I️ wanted to do a 1031 exchange.

I'm not sure if I want all 3 properties under the same note, seeing as they currently aren't under a business name but will be in the near future.  

Those experiences gave me a lot of insight into Pittsburgh behind the curtains and what it's future may hold.I'm not looking just at SFR but it definitely peaks my interest more than other sources I've found so far, mainly because I can find and research everything remotely.

And the 2 of 5 to 5 of 8 means we likely would have to stay 3 plus more years and that's not going to work for our future plans.