Find a partner that lacks what you offer and create a win/win.

Sounds like an agency guy to me ;)

Now, that said, let's give the contrary view, and why I wouldn't personally do that deal:-Limited appreciation potential for at least 3 years on this property based on location and demand, and no opportunity for forced appreciation-Risk with Section 8 on cap ex -I look for cash neutral on 15 to 20 year notes-positive cash flow of 144/month does not excite me, especially since I prefer appreciation potential -I avoid rentals that require more than $2000/month in rent to work given lack of demand at that price point in North AlabamaAgain, I ran this example just for educational purposes. 

They wonder why the property doesn’t rent quickly and can’t command top market rent when the kitchen and baths are dated, and the property overall vibe/aesthetic is lacking luster. 

I don't want to pour water on your interest, but I don't think this is the deal you are looking for because:  1. problems with all of the things you can do with the property 2. a general lack of reserves 3. long distance. 

., and owns the title agency we use. 

Area became oversaturated with rentals, cleaners sucked, property management was lack luster to say the least. 

:D  (I DO get down to H town every now and then)Seems Carlisle MAY have good reasons to not back the installation, BUT ... if they denied it back then for lack of maintenance, will they do anything NOW or in the future!? 

Lack of proper notice can be a big issue, a local attorney can let you know exactly where you stand.

I have seen thousands of home owners over the years get stuck with an I/O Heloc and cannot refinance it due to lack of pay down and not enough equity/appreciation.You still have a 30 year mortgage at low 6% versus a Heloc in todays market at over 8-10% over a shorter term 10, 15, or 20 but never 30 yeas so in most cases the mortgage payment is less.