Simply letting your mother live in the property rent free would make it personal property. 

You are simply NOT operating correctly.

I have a staff of Maintenance Techs and we fix lots of items for a profit while at the same time saving the owner money, win/win.We are transparent company, and we provide all receipts upon request.

Being aware of not biting off too much at one time is a skill, and it seems you have it.Real estate is all about incremental wins and, maybe most importantly, staying sane and JOYFUL while doing it!

I don't think I fully understand using HELOC to pay points and holding costs only.Taz, that was my initial thought as well - even though it would hurt to get rid of a 3.5% interest rate, I could get an equivalently priced home with today's conventional primary residence rates and have about the same monthly payments that I have today, simply because of the HOA fees. 

If not, do you materially participate in the syndication or are you simply a limited partner?

Having the right team is 100% your best strategy to win in Real Estate, especially with a Renovation Loan that allows you to purchase a home as-is and make all repairs/improvements post closing with budget (money) in the bank, ready to go the day after closing.

Either way, it’s a win-win for you.Hope that helps!

So I simply ended up buying it from my wholesaler.

Simply document your attempts to remedy the issue.