The payoff is worth it in the long run with reliable, on-time rent payments and tenants who are more likely to stay long-term, and take care of your property. 

You can use your HELOC for down payment to acquire the property instead. 

If the property takes some time to find a tenant, takes money to keep up the payments.

Your $120K could cover a strong down payment on a cash-flowing duplex.

Her soon to be ex husband was the only reason they could afford the house in the first place and he isn't paying for anything anymore, so I'm trying to help her figure out a way to keep paying her mortgage, or at least reduce her payment to an amount she can afford.Do any of you know of a way to get him on some kind of rental assistance program in the Indianapolis Indiana area?

I've also seen some agents who are always boasting about the fast payments and systems with the Real brokerage.

You can also use rental income for Conventional, but not without a 15% (duplex) to 25% (3-4 unit) down payment. 

You may be required to make estimated tax payments when the property sells.It depends on what your 2024 total taxes due were and 2025 estimated total taxes / withholding / estimated payments are.If you pay in atleast 90% of the current year tax or 100% / 110%(Depending on 2024 income), you are normally considered good.You may want to consult with an accountant for more clarification.

•Section 8 can be great for consistent rent payments, but it comes with its own challenges.

I have 2 other monthly loan payments I would like to pay off or lump in with my refinance as I believe with the forced appreciation and normal appreciation I will be able to pay off most my HELOC (5.99%) and all of my Credit Card that is currently at a 0% APR until end of May.