Often, a major or emergency repair is needed and the owner doesn't respond to fund the repair.

This tax is assessed on income derived from the leveraged portion of the real estate owned by the IRA, and also applies on the sale of leveraged property in an IRA.

The paid off student rental plus the 2nd student rental helps pays off the mortage for 2nd student rentals and living expenses for me and my wife. the duplex was  cash flowing approx  $300 month with the old tenants We manage everything ourselves with some help from our family. 

The delivery guy told the local animal control. 

The deal makes sense financially however the house is in a flood zone A and flooded during this past hurricane season.

It's not the cost of the big ticket items that kills your budget, it's the loooong list of small tasks and receipts!

Hi Kayenta and welcome to the forums. 

Just take the loss and repurpose the downpayment capital into something better.

Unless the loan is a much better rate than the HELOC, which it probably won't be, then keep the HELOC and don't pay the origination fee on a second mortgage.

Welcome to the community!