Welcome to BP Mike! 

No, I put 65,000 but its probably worth 140,000 I'm trying to get a HELOC to do some renovations, then rent it out in April.

Going to events, telling everyone you know that you're in the business is where you need to start.

We would like to purchase as a owner-occupied, to get a lower rate and to put a downpayment of only 10%. 

I purchased a duplex in May of this year and moved into the bottom unit with the intention of renting the top unit as well as the sf I moved out of which would put me in positive cashflow (the top unit of the duplex does not cover the duplex mortgage entirely on its own). 

Would love to get some feedback from locals or current investors. 

@William CoetHave you spoken to an attorney to review the documents?

I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.

I started my real estate investing journey earlier this year by buying an out of state property in Detroit Michigan with the goal to fix and flip as a turnkey.

If you are in the area, I would love to connect and hear from you.