Similarly, the sale ($575K) minus your adjusted basis determines your capital gain.You may qualify for the primary residence exclusion (up to $250K single/$500K married) if you lived there 2 of the last 5 years.

Been a lifelong resident and investor here since 2009 Ill send you a message 

I have found that I get more appreciation on the single family house because I can sell it to an investor or as a primary residence.

Bank a few doors down from my residence didn't ever foreclose on a property.

If you feel ambitious, you could try a BRRR strategy adding additional equity to the subject home and then taking equity out of it to pay off either the HELOC or if you decided to the refinance the primary residence. 

Personally in this year alone I've helped clients get through divorce, leave their job to care for an elder parent, and leave the country for a mission trip with a cut in pay.

If the owner does not meet that residency requirement, another human being must be identified as the local agent in charge.

Hey Nick, Middletown is a growing submarket between Cincinnati and Dayton, with around 50,000 residents and access to a metro area of over 3 million.

Is that amount worth risking at this time potentially having to pay from your primary residence?

Quote from @Guillermo Perez: Can someone please let me know if this is ok for my first BRRRR.I got a $200k HELOC on my primary residence to help fund my first BRRRR.