Definitely seems like it's worth going after unless the inspection turns up nightmares, which could then work to your advantage if the owner is motivated to sell.

We have since refinanced the property into an LLC which we are both equal partners but i'm wondering if there is a way for us both to take advantage of the tax incentives prior to the property going into the LLC.Thanks in advance for your input! 

If not, put them on the back burner and schedule follow up calls and e-mails, in case they change their minds.If you have two face to face contacts, you'll have an advantage over the million other investors that are probably trying to contact them by phone and mail.

There are so many strategies that I want to take advantage to get into my first property but this does not help me because I can’t really pick just one strategy , about 50k in capital but want to make the perfect investment , even though I know there isn’t such thing, any guidance would help.

That being said, I believe the market is at its peak and selling now would net a 4 year gain that I could redeploy elsewhere, especially while I can take advantage of the capital gains savings as this was my primary residence for over 2 of the last 5 years.Any suggestions would be greatly appreciated!

He said there wouldn't be any one-time bank fees associated with a HELOC and I could use the credit as needed to either scale or take advantage of short-term opportunities (flips I guess...) 

You learn how to use the tools to their maximum advantage.

@Justin Cheek your advantage here is your roofing expertise, you'll be able to take advantage of properties that need roof work much more than other investors. 

Prviate lending is just way to grow your capital but rental does grow your capital via appreciation and passive income and other advantages comes along with it. 

But if you don’t care that much about having an advantage on good deals, then find a realtor to do this work for you and pay retail cost if you’re lucky enough to not get outbid in this compatible market for good deals.