I look at a HELOC as a low cost substitute for hard money, so the LTV is much more important to me than the rate.

If so, is there a substitute Trustee named in the Trust? 

These are both late in the process.But since you're looking for something earlier in the timeline, I would be searching land records for Deed of Appointment of Substitute Trustee or Appointment of Substitute Trustee.

In the deed of Trust I included a “substitution for collateral” clause as well as a “subordination” clause.  

No buy-sell agreement, no agreement to substitute management or define managerial duties.

Property cash flows about $800 a month.Personal Takeaways:A) it is possible to successfully brrrr in an expensive market but you have to either find a smoking deal or be willing to substitute your sweat equity for the difference in cost of hiring professional labor to rehab and what the ARV dictates you can spend or rehabB) The opportunity cost of the time spent rehabbing should not be overlooked or undervalued.

House prices are flat in general since 2015, there was a net negative migration (or close if i remember correctly) in 2020, and the key driver of the economy is in roughly the same place as North American automobile manufacturing was in the last 25 years, long term decline in jobs, reduced wages, and substitution from cheaper offshore options.If you subscribe to a deep contrarian approach, go for it, maybe we are at the worst and it can only get better.

I second the Dale Carnegie recommendation.There's really no substitute for practice though.

Commissioner [Dec. 54,314(M)] , 81 TCM 1535 , TC Memo. 2001-96 is relevant and helpful case law in this situation.That said, these forums, while helpful, shouldn't be a substitute for forming a relationship with a solid tax CPA/EA who knows your facts and circumstances and can advise you accurately. 

what is the process for collateral substitution?