I don't believe you would properly replace the debt in this situation.

Hey @Thanh Lu, so if you only have a couple of units, then self management isn't that hard.The key to doing it right is setting it up properly and keeping up on maintenance.I can count the number of late night calls from guests on one hand.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

It also allows gives you greater flexibility.Plus, once you flip the home and make a few dollars, you should be able to pay the HELOC to a zero balance as well as having extra funds to throw in your war chest.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Putting people in a position where they would need to sell or come up with an alternative strategy to pay off the mortgage balance prior to rebuilding. 

I am hoping this gives me a head start in funding the initial investments.I also have some high balance liquid assets, but I am putting all or most those funds into other investment vehicles to diversify my holdings such as stocks, bonds, etc.

The reason is that one wants to be able to properly avail themselves to the laws and protection of the corresponding state where the property lies.

Learn the ins and outs of fit and finish, proper preparation, proper installation, rough in locations & MEP details... thinking 10 steps ahead on everything.

Without taking a proper tour of the cabin and only driving by and seeing pictures of the inside.