If you lose your home, apartment and or vehicle move in with your parents no matter how old you are or how old they are.

2 bed/1 bath 1120 sqft: heavy rehab1 bed/1 bath 636 sqft: heavy rehab

I do believe there is merit in following simple best practices that have asset protection as a side benefit:  1) Taking out large mortgages on properties to minimize equity; 2) Having adequate liability insurance; 3) Contributing assets to retirement plans and other protected vehicles; 4) Dividing ownership of family assets between yourself, your spouse, and your children; and, especially, 5) Running an honest business and treating people fairly.  

Then to add that, you've already had some eviction issues with heavy costs to cover. 

The neighbor keeps threatening to move the privacy fence over several feet onto the driveway, which allows vehicle access to the parking area at the back of the house.

Starting with a heavy rehab BRRR would kind of be like drinking from a fire hose.

The problem is the sponsor/strategy selection, not investment vehicle.

Financing another $150k seems like a pretty heavy lift...how big of a building is it? 

Keep in mind that most people coming into this area are spending a lot of their time at the parks or in the pool, and that we rarely get heavy, all-day rains here that keep people stuck inside for many hours at a time.

Doing HML inside of a retirement vehicle is a great way to grow your funds tax deferred.