I own one half, 3 bed 3 bath, and I’m currently living in and renovating it with plans to rent down the line.

And the interest on the HELOC is usually higher than on the mortgage.As I demonstrated before, you will get ahead if you would put that additional money directly into the mortgage principal instead of using a HELOC.Velocity banking is fine for people who can't budget as it give them a plan to follow and force them to save more.

They can serve the initial notice to vacate but the actual court filing needs to come from you as the owner or through an attorney.Given you're out of state, working with a local eviction attorney is definitely your best bet here.

Does anyone know of any other ways to gauge the effectiveness of this plan? 

@Cristal Ochoa @Leiah DotlichI will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

Plan for a smooth transition: Respect the notice period and prepare for any potential disputes.

A tax advisor specializing in real estate can help you navigate deductions, plan for 1031 exchanges, and ensure compliance with ever-changing regulations.

I'm finishing up the last of my engagement letters for next year and I know many of us will have sporadic availability for tax planning after this week due to the holidays. 

@Jaycee Greene I planned to approach the seller to explore the possibility of carrying a seller's note.

The only negotiation with the tenant after the judgment is the payment plan for the money owed to you.