I just look back on 45 years of real estate living and working in the industry through 5 significant events.

In that event @Blake Dailey is right. 

I am looking for advice, as a beginner who has yet to buy their first property, on how things change amid an event like this.

I'd recommend hanging around local REIA events and getting to know some of the local players. 

'Waiting' for a market drop, too much of a seller's market, some other life event..... there will always be something.While I can't speak to the Raleigh-Durham market specifically, I'm actually in the process of closing on a deal in Chapel Hill right now - a townhouse with a downstairs efficiency just off downtown Carrboro, so I'll be treating it like a duplex.

A cash-out refinance is a great option for tapping into the equity in your current home(s) when a HELOC is not in the cards.You'll likely have the best luck pulling this equity out with a bank you currently have a relationship with, as many banks are fearful of the impending sky falling event.

Sounds like you had a very eventful beginning of your ownership of the quad!

Hey BP family,I’m currently house hacking my home in Walnut Creek, CA and have standard insurance that doesn’t cover liability in the event that something happens to my tenants.

FREEdM Event

I found my private lenders at local REIA meetings, meetups and real estate events and some on BP.