That said, I will still try to provide some “clarity”.Purchasing a property “subject to “ the existing debt can be done two ways.  

Would banks typically provide a HELOC on an investment property, and if so, what terms should I expect?

My advice without even hesitating, I wouldn't rent anything that doesn't cash flow and provide a good cash-on-cash return out the gate.

Having a lease in place will help you as well - some lenders won't refi a vacant property.For your refi, you're usually looking at 75-80% max LTV with a debt service loan.

Home prices have doubled in the last ten years and we are still well below the national average.

A key risk is the due-on-sale clause, allowing the lender to demand full repayment, though enforcement varies.Keeping the property in an LLC provides liability protection, shielding personal assets from lawsuits.

As we continue to stabilize supply chains, seasonal and historical patterns can provide insights for executing your next project, ensuring you factor in risk and stay within budget.Question: What are your thoughts on adjusting to the "new normal", how will investors manage increasing costs with many forecasting stagnant appreciation for the coming years?

With the property needing lots of work, I provided a solution to the owner.

The one who thinks that they are masters of the universe in EVERY area of life, has 30 different businesses, claims to be fit as a fiddle, with a life in perfect harmony, shows off huge toys, has 30 different businesses, including selling their time by the hour to provide coaching... this person is not running a real estate syndication business.

Following this thread as well.