Quote from @Stuart Udis: Sometimes the best real estate investments are investments you don’t make.

If they don't pay willingly, what are my options? 

So he's paying his mortgage faster while not paying interest on the HELOC.

@Landon Sheveland  don't think your renovations will overcome a bad location. 

It's a mobile home park performing as advertised, which I hope the sponsor holds for quite a while. 

At the end of the day, losing $10k is really not a lot in the grand scheme of real estate investing, and given the seeming high volatility of this market ($275k to $220k, presumably in a matter of months), and the generally high monthly cost of HML, I would get out quickly and think of the loss as the cost of education.At least in my area (Cincinnati, OH) I don't see the market dramatically improving even as we get into the spring buying season, and, honestly, I only see mortgage rates continuing to climb for the foreseeable future, taking more and more buyers out of the market.

Best of luck and don't hesitate to ask if you need anything!

This structure allows for anonymity while still ensuring compliance with FONCE requirements.

Don’t forget.

There is more beyond merely setting it up though involving the operating agreement, separate accounts and books and no co-mingling and many people don't keep that piece maintained too well.