HELOCs are good for short term debt: rehabbing for a BRRRR/ to sell or flipping etc.

They got fundamentally sound real estate, with matching debt (10+ yr fixed rate) and budgets with the intent to hold nearly forever. 

It should be as easy as converting one conventional loan that cashflows well to a Debt Service Coverage Ratio loan or DSCR.

There were no mice when she took possession of home.

They walked away from their leases, took FEMA money to move (and maybe even replace some "damaged" possessions, and are now living in new housing on the taxpayers dime. 

The greatest profits are in properties that can be repositioned to a higher and better use, or appreciate the highest over time, or will throw off a TRUE cash flow of 20% per annum on total investment (cash + debt + capital investment). 

Wanted to both reduce our debt load and also take profits off the table. 

And for vast majority of persons delayed debt payments results in accruing debts, because they find they have less left to pay down than hoped.

. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

Attend one of these trainings to understand the bid process, there is some nuance as to how the final minute of bidding can be managed, which can be good info to know should bidding be competitive.My attorney has recommended that a writ of possession be filed for any property purchased at auction.