Since then I’ve moved out rented it out and working on a live and flip for  my second property (sf) so I can have a house of my own with my girlfriend and make some more capital from it.

I understand his point that the lender will be interested and your deal when you have an actual deal in hand.

This is what I would do if starting out in real estate and wanted to buy my own home and start getting rental income and experience.

Leveraging a HELOC to purchase/finance investments is a risky, but very lucrative way to use your equity.

Don't start buying the cheapest thing you can find, you'll end up spending WAY more- especially in a MFH, you'll be multiplying your losses. 

I am an owner of a restaurant franchise so I am able to provide a location to do the meetings.I am looking to provide value and would like to hear from your experience what would you love to get from a REIA.

I own a few properties here and so far so good.

Or is it considered a price reduction, lowering your cost basis in the property?

Bill,Thanks for your comment.

@Patricia Andriolo-BullAnything specific you could share as advice from your experience?