You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

If you plan to actively invest in 2025, see if you can name ONE city/metro region that made the NAR's 2025 TOP PERFORMERS LIST!

I go to vacant properties at least weekly unless they are multi-family with active neighbors.)Generally speaking, if a property isn't moving (and others in the area are), either you are priced too high or there is something lacking with your property.

I would also pay by activity not by the hour.  

Due to Coachella, I am guessing there is active tourism.

I'm still actively searching for a solid contractor as I eye a BRRRR in early to mid 2025

I will be keeping in touch as I become more active here.

One of the best ways to engage with the community is to remain active in these forums (reading & contributing).Setting up keyword alerts is a great way to get started.All the best!

Given the lack of activity / buyers in the market at this time with rates, would you reccomend holding and renting it until the market is better to sell in? 

As a co-host for short term rentals, you may not need a license as long as you're not crossing over into activities that could be considered brokerage activities like handling any contracts, collecting rents, doing any accounting, approving tenants, etc.