We are planning to manage it ourselves.We would live close by.I am currently reading and watching everything I can about landlording. 

However, the Honolulu Department of Planning and Permitting took forever, to do the reviews,  comments and approval. 

HELOC then you can use the equity for another deal but I would only use it if its for a flip or brrr or possibly if have a plan to pay the heloc off over short period of time.

As a younger professional with zero debt, I'm interested in learning more about the analysis and purchasing process of multifamily properties with the intent of executing an owner-occupied strategy.

Their current lease extends to  April 2025, which at that point we were planning on selling.Why sell in the first place?

Weigh the cost of your current payment plus a heloc payment versus a long term fixed rate on a DSCR loan or whatever route you plan to go.

Hey Ken, yes I want it to have a positive cash flow, safe neighborhood but don't plan to flip the house.

I see you mentioned student housing, if you are planning on investing around a college or university definitely check if said university has any information! 

My goal is to create a business, hire talent, and scale within a 1-2 year accelerated plan, ultimately achieving my 5-year vision.

Ask why they're selling and what they plan to do with the money.