Utilize the now open equity in Home 1 to leverage a new property.If I am thinking of this correctly wouldn't opening the HELOC on home 2 lower the tax liability on the sale of the home?

Purchase price: $44,000 Cash invested: $50,000 Converting a 4/2 into a duplex (2/1 each side)Medium rehab, most challenging aspect is separating the utilities, should rent $750-800 per side.

Thats reported similarly to a credit card in that if your utilization is a high ratio, that would create a negative.

Utilities?

Do you know what specific technique you would want to utilize?

Regional and even town-to-town differences in utility costs can be profound. 

Im looking for good areas to buy a Multifamily property to utilize the house hack strategy, then start to buy up SFHs.

I think it's worth easily $200k I owe $125k. my 4unit has separate utilities I only pay garbage.

I would look to utilize your own boilerplate for the new lease and avoid having to modify the current lease if the expiration is near.

BRRRR method utilizes the equity "trapped" in the property.