You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

By letting the tenant know that while you hate what happened to her and the position it has put her in, you are not the right vehicle/organization to subsidize her. 

Option 1.

If you and your fiance are willing to make a couple moves and remodels you could put yourself in a very strong cash position. 

I do not have enough information to casually advise you as to your best refinancing options.

.- With $100K, you have a lot of options. 

@Kuba Rogut options:1) In-house maintenance team2) Out-sourced local maintenance team3) Outsource to Latchel, Porch, etc., 3rd party companies4) Mix of the above

Something that is increasingly important to those clients is being cash flow positive from day 1 and this is what we deliver.

I would truly appreciate another option if you have one or a local agent referral as you mentioned.Please have someone reach out to me via email or phoneQuote from @Aaron Letzeiser: Quote from @Dean Valadez: I reached out to Obie for a quote and this is the response I received via email:"We’ve heard back from all our markets and unfortunately, we do not have a market available for your property at this time. 

Seems like you're in a good spot with lots of options.