.$1mm liability seems light for commercial.   

Here are some diagrams to help you on this quest: Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement: AssPro_Decision_Diagram Asset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - APOnion__Diagram How a fully implemented asset protection layout might look. - Asset Protection Layout A CSS Decision Diagram flowchart intended to bring together all the various questions when assessing the benefits of a Cost Segregation Study (via a professional or DIY).Let me know if you have questions or want to chat further - I can give you my investor perspective - text me at 512-368-9940 and we can talk further.PS.

So I didn't go into light heartedly. 

Obviously, stuff happens and sometimes it's unavoidable but maybe consider implementing something into your approval process where you require to have some type of phone or in-person conversation with someone before moving forward with approval. 

Short order, no one really knows, but we all know the government won't be able to implement smoothly.

Just be prepared for tenants that can't afford to mow the grass, or change light bulbs. 

I added value to the deal by carefully evaluating the property's potential for increased rental income and implementing strategic improvements.

On paper I'm ready - I have the money, I've done the research, I have well-defined property/neighborhood criteriaI, I have an agent, contractor, property manager, lender, etc.I'm targeting off market deals with light value add potential in an area with high appreciation potential.

I can shed more light on this for you.

With the $38,000 from the HELOC, you can cover down payments, closing costs, or even some light renovations on a new property.One strategy you might consider is the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat).This approach lets you leverage the equity in your current property without sacrificing your cash flow.