Your HELOC is "as good as cash" and has the added benefit of not accruing any interest when it isn't deployed, unlike a refi.Your plan is to use the HELOC money for BRRRRs, I think that's a winning strategy to keep recycling your equity. 

Here are some things to consider:Most of Cityfheps are coming directly from the shelter and with my experience it’s hard to vet them since they want to be out and you do not consider income and credit. in general they are not used to keep an apartment (recycling, cleaning etc…) since they do not have any responsibility at the shelter and some of them stay there for years.The city will mail you the payment and usually it’s twice a month.

https://vagabondish.com/mexicos-recycled-concrete-tube-hotel/Basically I've been hired by an investor to help build out a number of "tiny house" hotel resorts in Upstate NY.

Recycling does pay, and can pay well.

I DOUBT IT.From attorneys talk is cheap and when they have to stand behind something they run.If it's not guarantee in writing you can't take it for face value.DIL the banks will do a title search and with no other junior liens will usually accept within about 60 to 90 days time.If the effect to the credit is the same or close the seller might be able to milk free rent longer with a short sale or a foreclosure or get cash for keys money.The sellers situation will dictate the best options for them and it's a case by case basis.

About 2-3 will exit each year (for the next 10 years), so will need to recycle the proceeds into new syndications.

Now if property was 10 million retail center stabilized and my cash flow split was a lot larger then it might make sense otherwise I want a large upside.Attorneys that do syndication papers the good ones I have seen charge a regular fee for the first one and once set up they RECYCLE the blue print papers for the next deals and cost is much, much cheaper.

You might even be able to get the agent's permission to recycle their listing photos (provided there were any and that they're not terrible).

But, young children are hard on homes, also-- think crayons and milk spills-- so in some ways a pet isn't so bad.   

Needless to say I took the other 3000 walked out front and threw them in the recycle!