If you have extra cash at the end of the month, then do double up payments on the mortgages so the principle is reduced and this will increase your heloc room.

Best practice is to keep one or two payments in reserve from the buyers down payment for such instances.

If I have no mortgage the cash flow is more secure.

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

We are hoping to streamline tenant communications, maintenance requests, and payment records. 

Maybe a better question would have been if you know how much money you have for a down payment on a property? 

sm IS LOADED WITH FAKE LENDERS NO LENDER IS GOING TO WANT A PAYMENT THROUGH PAYPAL FULL STOP.

In this type of situation, they want low interest rate with low down payment also.

Second pro is that you get to lower your living expenses or live "rent free" by having your tenants pay for your mortgage payment.

Based on what my real estate agent thinks that this quote will be, roughly, and the after repair value, it looks like I could buy this property in cash, spend a month or two fixing the damage, and then put a mortgage for roughly 1.6x what I paid for it and thus have a cash flowing property at a few hundred dollars per month and a little more money in my bank account ready for a down payment on the next deal.