Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.

Im thinking about paying the bank the 50lk that we owe and the taxes.

The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.

Doing this will indefinitely defer paying tax on profit or depreciation recapture. 

You have to put more money down and pay a higher interest rate and is limited to only 2% IPC.

Another option is to invest in the market instead of paying down a mortgage.

I guess the different strategies FOR ME would be.A- Find a lender that would actually do the refi and pay the tax.B- Sell a property and use those funds to lend as they would go back to the IRA. 

That being said, your typical cost of capital is as follows:EquityAgency debtBalance Sheet local lenderDebt FundPrivate DebtPref EquityHard Money DebtBookie/Loan SharkOther things that will impact capital sources: are you wanting to finance the improvements, or will you pay for those from equity/cash flow?  

Now, you need to figure out how to find deals and pay for them.

The training is pretty thorough focused on lending hard/private money to other fix and flip investors, or for my own deals for which I could pay myself as the loan broker.