I know; not everyone will listen and/or agree.All too often, in the mostly unregulated world of flipping, wholesaling, contract assignment, etc., it seems these ethics do not apply to everyone. 

I also recommend reading books, listening to RE podcasts, and most importantly: connecting with people who are doing what you want to do! 

Is there a book I can read or a podcast I can listen to?

This is going to depend on your risk tolerance and preferences, but I'm happy to provide my input..If I were in your shoes, I'd do the HELOC because of your interest in BRRRR. if you were trying to do a long term rental, I would do a cash-out refi on your primary residence. 8 years is a long time to wait to do 1 deal, so I would personally shy away from depending solely on cash flow.

You need to make ABSOLUTELY sure they are happy.To do that, you need to listen to their needs, their problem the reason for selling.

I’ll give it a listen.      

@Neil Anthony, if you want to learn the MF space, I think investing as an LP in 2-3 syndication deals is an excellent start, especially if you are investing out of state and, assuming you have a full-time job.That is how I started.You can learn how sponsors evaluate and offer deals, listen to other investors ask questions of the sponsors, and, IMO, you can attend in-person events where you can meet other investors and sponsors and ask all the questions you want as well as hear investment stories of all kinds.Once you get through some time immersing yourself in the MF investment world, you will have a better idea of whether you want to be an active or passive investor.  

I have been doing a lot of research, reading, you-tubing, pod cast listening, and browsing the BP forums. 

If I were in your shoes, I would look for a house near transit access that has the potential for a legal rental suite. 

To those asking why should he listen to the wife, I personally feel it´s honorable and respectful to at the very least consider the perspectives of your life partner who is directly connected to the generational wealth.