If you're in a reverse exchange on a propety for $ 1 mil then you can take title once $500K has been expended or it is actually only 50% done.    

Lots of time and energy expended on taxes, when the whole point of passive income is to be able to have more time to pursue other things. :) 

Completed renovation of two units that were needing updates and expended CAPEX for A/C units.

You could sell it and take the $250,000  and generate a return of $12000/year in a more passive investment vehicle and not have to expend as much life energy

Namely on the lender side...I'm an underwriter turned loan originator and I'm already starting to miss the comfort of my computer...I''ve expended family + friends, dabbled on social media...Any advice is super appreciated :)

I'll summarize the situation as much as I can- Have $50K in Heloc, $15 K in savings- Deal: Found Section 8 occupied deal for $53K cash, renting at $550 per month , tenant has been there 11 months | Motivated Seller that has to close before end of Dec 2021- Also have opportunity to buy 4 additional properties for $235K, properties all have tenants with average gross rent of $655 per month- I have a regular 9 to 5 job plus a side hustle that give me combined income barely over 6 figures and have access to $1000 expendable income.Challenge:  If I use savings + some Heloc to buy cash deal, I won't have enough to capitalize on the 4 additional properties.  

You just need to write down how much you take in for rent and how much you expend on each property as a bookkeeping task so that your taxes can be prepared correctly. 

First  definition of investing, expend money with the expectation of achieving a profit.

I advised him too much time and effort had passed and been expended, and the offer was off the table. 

Many people try to shortcut the process by purchasing leads and come to learn that they will pay a lot and have to expend a lot of energy converting those leads into deals.