I would just wait until you’re serious about buying until you start the payment shock process so that you won’t have to be cash strapped longer than necessary.

Match them up with the county for the properties that you own.See if they are in agreement.If they are, great, no changes need to be made.If you see a payment for taxes that should not have been paid for.

The house is move-in ready with the exception I would like to make updates to the bathrooms and backyard I make an average of $ 80,000 a year and I have $20,000 available for down payment.

It would help you to qualify for a lower down payment on the property.

Don't have to worry about note payments. 

Third, you probably have a great interest rate that I would not want to give up unless a screaming deal came along.If you can access 30-50k from your HELOC you should be able to put that as a down payment on another investment property, just don't forget to factor in this extra payment in your ROI calculations for the rental. 

Read your post on "Buying Subto (Subject To) with the (BOMSTSLO) ™ Method".

I am looking to use the BRRRR method, but am a little intimidated on how to get started.

When we asked for our money back they immediately halted all payments (or they said so).

I have been in court dozens of times for a plethora of reasons (mostly non-payment).