I was considering taking out a $240K HELOC with a 10-year draw period and pulling $160K from it to build the next rental property.

What are the costs for the value adds, the expected hold time, and the expected sale price? 

If you're considering private funding or investor partnerships, now’s a good time to explore those.

At the time they had a real estate degree (they probably still do).

In some places there are a few days grace period to allow for rent that is sent via mail (which I don't get because if it is due on the 1st, plan ahead). 

Although the study may increase the gain, the gain may be taxed at a much lower rate making it a beneficial investment.If a property is purchased with the intention to flip or own for a short period of time (less than 3 years), a cost segregation study may not be significant.Overall, as long as you intend to hold the investment property for greater than a year, the benefits of a cost segregation study should be considered.

in my opinion it is a particularly tough time to get into wholesaling. 

It was unfortunate, but I ended up with solid lender and was able to close quickly with them.

Do you have any anecdotes on the timing for it to be recorded?

@Venka Pulla It’s frustrating when a property manager isn’t meeting expectations, but transitioning to a new property manager is typically straightforward if you follow a few steps:Review the Management Agreement: Carefully read your current Property Management Agreement (PMA) to understand the termination process, including any required notice period.