OF course, you may have all this stuff figured out, but the original post was vague.

The original post leaves the door open for a challenge by the IRS, so the safe harbor of holding it for investment for two full years is the safer option.  

It is also important to consider the transactional fees associated with originating the HELOC, whether an appraisal is required etc.

That said, an umbrella doesn't have anything to do with the original question of the thread. 

Use a payment processor to pay the original note and any wrap if there is a 2nd position secondary note that pays the seller the difference between their current mortgage and the total sale value. 

When I add a new tenant to the lease, the original contract terms remain in place.

You’d be able to pull out $330,455, which is significantly more than your initial $236,930 investment.Your Initial Investment Back: This means that in 5 years, you’ll not only get your original investment back but also keep an additional $93k in your pocket.However, there’s a downside:Negative Cash Flow Impact: Over the next 5 years, due to the negative cash flow of $1,229 per month, your total cumulative loss will be $(60,153).

Once you walk a property, you often have to throw your original underwriting out the window.

Property was originally listed for $1.2mm this past year they’ve done multiple price decreases to $699k.

Your payment may remain about the same as the original deal!