There is much more nuance to investing than just HELOC vs cashout and I think investors miss a lot of the finer details and often select the wrong tool for their objectives. 

The old saying of buying the ugliest in a great location fits this property, but after reading other posts I know there will probably be difficulties with gaining clear title from an Upset Sale in any sort of timely manner.  

Sort of. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

We are just forum members who contribute a ton.I think it is important to point out that these sorts of lists that they can make you aware of new areas, but they are not the end all be all of decision making.  

Unfortunately when I went and checked reviews for them they were overwhelmingly negative, some of it was stuff you mentioned in your post above, but a lot of other reviews cited downright dishonesty, like the service taking money, not providing the list and not responding to any sort of email contact.

I used Turbotax, when I selected correct boxes, it calculated by itself. 

Cap Rate is vital for evaluating the potential return on investment and comparing different properties.Understanding both metrics allows an investor to make informed decisions about financing, property selection, and investment strategy.

If a tenant comes in to pay multiple charges with one payment, my office manager has to get out the pen and pad to figure and place individual payments instead of something similar to Quickbooks where you enter an amount paid and select which invoices you want it to apply to. 3.

@Michael MingI will preface this with I don’t have any direct experience to offer you… but my guess is that if you are talking about the IRS, there would not be a lien placed on anything in any sort of quick manner.