Rinse and repeat.I will stand by what I said and bet my 40+ years of real estate experience to the test when I say a fool and their money shall part (Proverbs 21:20) when investing with these BS syndications.

Hi Bhrgu, As others have mentioned a refinance may be your best bet if you can't find a lender to do a HELOC.

If its a total gut, that changes things...but if it's bought right...Rehabbing will likely be your best bet. 

I would bet good money that they are paying below market rates.In case you missed it: get rid of them.Spruce the property up, study the market to determine a fair market rate, and find a renter that is willing to pay the market rate, pay the deposit, and abide by your agreement.Not everyone is cut out to be a good landlord.

If it's just you or just you and a partner, your best bet when looking to house hack a multifamily is to look for uneven unit sizes.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

Shipping it to the cleaners sounds like your best bet.

I bet it will do well for you if you can find a contractor to help you out. 

Your best bet is to find some local meetups while you are reading about investing in books and on the forums. 

So your best bet is to find a title company in your area that's "investor friendly" or a real estate attorney that's investor friendly, to help you.