Your best option may be to increase the rent to cover the additional expense.

Our country needs four million additional homes.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I would have contacted the locksmith tech to get additional details before assuming it was tenant damage.

Quote from @Stuart Udis: @Robert Ellis The additional information you shared changes the capital raise.

Any details you can provide would be helpful.Since I have the next 12 months to plan for this, I am open to any additional feedback/suggestions on what else I should think about.

Additionally, interest-bearing accounts may be mandated in certain jurisdictions, so it's important to check local regulations to ensure you're handling deposits correctly.

Ask whether or not the insurer is licensed as a foreign or non-United States (alien) insurer and for additional information about the insurer.

You'll want to incorporate interest costs on the HELOC while you're using it, but that will add to your holding costs in addition to utilities, closing costs, etc..

Additionally, depreciation recapture (taxed up to 25%) still applies upon sale.Option B: Stay Two More Years and SellSince you rented the home for 8 of the last 22 years, after two more years as a primary residence, you would qualify for a 14/22 (63.64%) prorated portion of the $500K capital gains exclusion ($318,180).