You really can't go wrong with any of the three strategies you mentioned: house-hack, local multi-family or out of state investment property. i would suggest fine tuning your goals before choosing a path.

Ok so sounds like I'm going down the correct path.

So trying to explore if there's a way we can get best of both worlds (flexibility of using line of credit and low / fixed interest rates).(3) are there other considerations we should keep in mind as we go down the path of taking a HELOC / HEL loan on our primary residence?

What part of the country are you in as that influences this discussion.

So following your goal path, what step(s) have you taken towards your goal of investing in real estate?

Check to see the evaporator/blowers / conduits are leaking cold air from their seals / paths..

@Jon-Michael Cortez-Alonso not sure how this will play out for you, but every legit lawyer I have met won't touch wholesaling...attorneys only get one license and when you knowingly draft docs that will be used to mislead consumers and ultimately result in brokering deals without a licenses...well...There are probably a bunch of bottom of the barrel lawyers you can connect with to get the docs you need.And yes, brokering deals without a license is illegal in nearly every state in the country...

If you decide to go down this path, do not forget to draft a letter specifying that both the landlord and renter agree to break the lease at no cost to the tenant. 

Making money doesn't mean necessarily mean cash flow, but there should be a clear path to strong appreciation if there is no cash flow.  

I'm looking at a 6-unit multifamily right in front of Maketewah Country Club on Reading Rd.