Looking for a good real estate resource?

Here's how you can find good deals on properties that might need some work or are priced lower than usual:Connect with People - Make friends with real estate agents, lawyers, and others who know about properties that need to be sold quickly or aren't in great shape.Reach Out Directly - Send letters or use websites to contact property owners who might want to sell fast.Look Around - Drive or walk around neighborhoods to find houses that look like they need fixing up.

I'm considering purchasing a property in a city where the average household income is around $50k per year, and houses are selling for $250k to $300k.

I started my real estate investing journey this year with the private purchase of a off market house that went awesome.I then found a interesting triplex/warehouse property, went and looked at it with the listing realtor, crunched the numbers and decided that it made financial sense.

It could create a more favorable borrowing environment for real estate investors.

If you were doing the level of finishes to flip this property, what's it going to look like after a low-income S8 tenant lives in it for a year or more?

You own the LLC, and just like any other business and the income/loss of that business will factored into your debt to income. 

I've been passionate about real estate investing since high school and just bought my first property.

However, if a carport is an enclosed structure that looks like a building - meaning it has a roof with solid walls and a door, it will be considered real property (27.5/39 year). 

HELOC bank doesn't want their line used as a term loan on real estate they don't have collateralized and the bank that you apply for a loan for doesn't want your down payment to be borrowed.If you wanted to get the HELOC for home improvements then decide to draw on it for liquidity, had it sit in a bank account for a couple months and then applied for a MF loan and used it as the down payment, you'd have to answer no to the question, "is any part of the down payment borrowed".