THIS WILL BE MY FIRST HOME PURCHASE.

To start, we’d purchase a home (preferably a multi unit) so we could make it our primary for the first year, then move on and use it as a rental.

I’ve been looking to purchase another property as a rental to hold onto long-term.

That might really make sense if you don't qualify to purchase a second home.

@Brady D'Hont, I don't recommend any purchased add-on warranties.

Unfortunately, conventional financing (Fannie/Freddie) does not allow gift funds to be used when purchasing investment properties, even if the funds are from your spouse.  

Purchase price: $36,000 Cash invested: $5,600 Contributors: Jake Burkons Happy to obtain my first rental asset!!

I would like your opinion on whether it would be better than finance the whole purchase with a HELOC from my primary residence or only get the down payment from there and get a traditional mortgage for the rest. 

I believe you could purchase an off market deal, than as soon as title cleared begin to market the property as you would now own it, but if you can just double close it would defeat the entire intent of law which btw is something courts will often look at during cases about interpretation of laws, what was the intent?

It also makes for fewer impulse purchases.