I currently have a $1.4M real estate portfolio and expect to reach $1.7M after buying this new property, generating $7,500/month in pure cash flow.

Given that I’m currently unemployed, I’m leaning towards a fix-and-flip to generate some liquidity.Here’s my current situation:My first investment property (the duplex) was purchased using a HELOC from my mother’s primary residence (via Union Savings Bank), and the deed is currently in her name.I also secured a second HELOC against the investment property to cover contractor expenses.I'm considering transferring the property into a DSCR loan under an LLC, but I believe this would close out the second HELOC—can anyone confirm if that’s correct?

Is this reasonable idea for this market?

This will cost you money on the back end.

Does anyone have general thoughts on this strategy? 

My two cents but the ship has sailed for short term rentals in this market.

However, they provide a time period to fix this - ie usually 30 days. 

You got this and good luck!

Here's the link for your city https://www.furnishedfinder.com/stats?

I don't know if credit unions can ever do this stuff?