We were presented with an LOI that was severely lacking in features in terms of buyer's contingencies, rent/CAM abatement credits, etc.

It sounds like 4x the legwork but it's better than revolving door evictions or constant cash for keys.

To much of what happens in real estate investing and in society revolves around "fairness". 

Nearly all of my decisions revolve around putting myself in a better position to experience a deep, loving relationship with her.

I cam here to make a comment and to plug my knowledge but instead, I learned something from @Andrew Postell and @Tim Miller@Trush A.

You can use this as a revolving line to purchase more property, season it, and then refinance to longer term debt.

Have 2-3 open revolving accounts, and keep the balances at 1-15% utilization/max.

The whole concept revolves around buying properties for less than their intrinsic value.

I'm a cash flow investor with no debt and an 8 year consistent rent paying tenant beats the crap out of a revolving door of trying to find a reasonably qualified tenant to replace her in this class.

The main benefit to a HELOC is you only pay interest on the money you're actually using.With a cash-out refinance you're paying the interest from day one regardless if you use the funds.Think of a HELOC more like a credit card with a revolving line of credit you keep paying back to re-use.