Then invest the $10k in something that pays more than the interest you’re paying on the HELOC.  

Co-living isn’t just an alternative to traditional rentals—it’s a way to maximize cash flow, lower risk, and attract investors.To make this post more insightful, I’ve included graphs and visuals that break down the key benefits of co-living and why serious investors should be paying attention.1.

If I sell one house per year, it will pay for itself.

They had exhibited the desire to pay down debt and had cashed out the parks before us that had agreed to owner finance.

The most important rule is to have the cash flow of the new property be able to pay all its expenses, mortgage, AND the line of credit back.

It is not uncommon - main reason we see right now is over inflated original ARVs and now borrowers cannot sell and pay off the lender. 

He tells you to pay him $5,000 (or much more) to learn all the "secrets" that made him wealth, but then he doesn't tell you that his "secret" was to increase earnings, reduce expenses, save up and invest.

Quote from @Jordan Townes: so why are you people that already sunk 40k into this not paying a little more a getting a  lawyer? 

Option 3: Pay large down-payment on modest rent ready house. 

It's properly leveraging (not over leveraging) the asset that pays off.