Don't want to pay tax on selling the rentals I unfortunately don't think they actually want to utilize the 121 to sell their existing primary and then potentially buy another one-it sounds like the goal is to ultimately continue owing that initial home which I think makes this whole plan 5x more likely to be torn apart under audit because they're trying to end up with the same property they started with.  

With 8% you should easily cover the heloc cost, and more to pay it off down the road.

People pay $400 for Crossfit alone.

Money has to come from somewhere so where will it come from.issue will be if they increase sales tax it will be regressive tax as those who rent and don't own and have low wages will still pay more for everything.

My clients once they come on board with us generally will flip 5 to 40 homes a year.. pretty hard to do more than about 3 or 4 a month but I have a client in KC that does at least 30 to 40 with me and I know he has another lender.. the difference with a company like ours that is a capital partner your paying a touch more for the service but once its going its ALL our money and then the partners work.

California attorneys just want you to LLC locally and pay thru the nose the california franchise fee of $800 per LLC per year. 

Sell second house within a year, pay off remaining primary mortgage, build third house.  

If I terminate property manager lease for existing PM for rented unit then I end up paying whole year commission of about 1500$. 

Pay to separately meter the utility.

Tenant stopped paying rent before 2 months of the lease expiring, property manager filed for eviction process but tenant vacated the property before sheriff served the notice.