Hi Joshua and welcome to the forums.

I have recently been made aware that I get straight to business without really concerning myself for the sellers side of the story and when you have the sellers problems, goals, etc.

Because you are not changing the tax return that reports the activity of the property.But... the IRS holds the position that Husband/wife LLCs can only be disregarded in community property states. 

@Allison Cutlip I’d choose whatever account has the most flexibility and the least amount of fees.

You didn't think about there life, where there motives will shift too, what comes next 1, 2, 5 years down the road. 

if you look at forced appreciation you can do that as a strategy but you are still limited by market supply, market economics, property ages you can't control. the strategy we do Is build to rent development where you build an asset 25% below market through infill site selection, land entitlement which boosts property values, as well as refinance once the property is stabilized. new construction you can't build something unless it appraises 25% below market anyways. so I think the majority of biggerpockets is focused on the strategy you mentioned but part of what I try to do is show other strategies that involve land, new construction, build to rent development, land development, land entitlements, smart asset design of smaller floor plates, infill locations where equity and values are higher, etc. we do this in Columbus Ohio.

MAREI's still here, we meet at the Double Tree on the 2nd Tuesday of the month from 6 to 9 and we have a meeting after the meeting.1st Meeting is FREE.We have generally 100 in attendance.Come out and check it out, join our community -Next meeting is February 11th, 2025

Question- do I keep the heloc I have and just pay it down or do I get a heloc on the rental property to pay off current heloc and go forward with another property? 

Yes the dog crashed the car into a tree.

The interest rate on a HELOC or Heloan may be better than the personal loan.