I also have a primary residence that I'm going to turn into a rental and buy a new primary residence.

Investment Info:Single-family residence fix & flip investment in Austin.

I'm in a bit of a unique situation in that I'm a California resident and can only invest in properties all-cash for religious reasons.I'm not able to use leverage/loans, and I know and accept that investing all cash is not common, but thats the way I do it. 

The resulting increase in crime drove many of the other residents out, leading to high vacancy rates and constant police calls.

Depreciation, and if it will increase your property tax.Find out what will be your new insurance requirements, and verify your lenders  are aa onboard with this transfer.Add up your resident agent fees, and find out the yearly costs for PO boxes if needed, plus the yearly cost for corporate formalities for each shell.The Federal Government now requires every entity to file with them yearly, the owners of the shells.

I don't think I fully understand using HELOC to pay points and holding costs only.Taz, that was my initial thought as well - even though it would hurt to get rid of a 3.5% interest rate, I could get an equivalently priced home with today's conventional primary residence rates and have about the same monthly payments that I have today, simply because of the HOA fees. 

I plan to cash out refinance my primary residence and use that money to invest in my first property.

Investment Info:Single-family residence buy & hold investment.

In the past at least they were promising to provide more details about the properties the funds were in, but they've gone completely dark

From helping a widowed mother get a fresh start for her and her kids, to the MILLIONS of dollars in assistance we acquired for residents to stay current during covid...