Just thought I would bring another option to the table.  

99% of the time it is paid off at the closing table of the sale of the property (post rehab) or at the refinance (after you have a renter). 

Choose them wisely, I have heard horror stories of them not coming to the table at settlement... 

Many of the smaller assets (5-30) are small operators who have not raised their rents to market and are leaving a lot of rent on the table. 

You’re not incredibly liquid right now but what about your credit, how much time do you have to find a deal, are there any skills you could bring to the table for a rehab or raising money?

Join a country club, classic car club, hunt/fish/yacht/racquet/rotary club.

Reference: Publication 527 (2022), Residential Rental Property - IRS Table 2-1 Even if the investment property only has "15 years of depreciation in a home left" you are still required to depreciate the new HVAC unit over 27.5 years or 39 years depending on the investment property type.

What do you bring to the table ? 

I've started the same business 4 times (sold twice, failed twice), and for the first 3 it was a work all day cold calling and spend all night bar tending and waiting tables during the first year or two.

A notification system has been set up whereby the bank holding the underlying mortgage has allowed online access to the church (with our permission)Jay, the fact that the bank has approved this transaction has taken a whole lot of additional needed legal safeguards off the table that would have been necessary in a subject to or wrap that did not have the express written approval of the underlying note holder.