First, you are paying interest on the existing mortgage, then you will cash out the equity and start paying interest on that money.

Yes, we exist.

Stock Brokers still exist but certainly are not as ubiquitous as they were.

I owned it for over 12 months, but I did 2-3 refinances, so the current/existing loan is only about 1-2 months old.

The cash flow is there, however you'll need 75% LTV in order to cover the existing loan and HELOC balance so won't be putting any cash back in your pocket.

I have been advised to do just that, to make sure the property still exists, as strange as it sounded to me initially.  

Consider that when you make an offer to your existing tenants.2- The price has to be very very attractive to your in park buyers. 

@Michael KaminskiIf your existing home is on the market the bank could do a traditional bridge loan which is short term and gives you time to sell your home - just want to make sure you have plenty of equity that when it sells it can pay off that loanWhat state you in ?

I have 2 existing grain dryers in my property.same situation.

Maybe you ought to look into buying positions in investments that were entered at yesterday‘s interest rates and with an existing track record before looking at the new opportunities.