How much more over the 160k should I be expecting to borrow for the rehabs?

Those profit centers would be a lot more return on investment than the additional $300 of interest costs in order to borrow $10k on the HELOC.  

How much would repairs cost and can your parents borrow money (eg HELOC) to get them done? 

We borrowed 100% of the purchase price from a private lender and paid the closing costs out of the company account.

Two separate issue here.1) FNMA & LLC’S: FNMA allows transfer of deed to LLC if mortgage originated after June 1, 2016 and original borrower owns a majority interest in the LLC and any 12 months of owner-occupancy is first met. https://servicing-guide.fanniemae.com/THE-SERVICING-GUIDE/Part-D-Providing-Solutions-to-a-Borrower/Subpart-D1-Assisting-the-Borrower-with-Property-Related/Chapter-D1-4-Transfers-of-Ownership/Section-D1-4-1-Information-Relating-to-Transfers-of-Owner/D1-4-1-02-Allowable-Exemptions-Due-to-the-Type-of-Transfer/1041300841/D1-4-1-02-Allowable-Exemptions-Due-to-the-Type-of-Transfer-09-09-2020.htmSo, call your loan servicer to find out if FNMA owns your loan.2) Who Goes Where on a LeaseMost states require a lease to identify the owner of a leased property, whether a person, trust, LLC, IRA, etc.Landlord = Lord of the Land = Owner (in your, case you!)

I expect my borrowing costs to be around $2000, insurance $150, water $80, property tax $400, maintenance $150 for a total $2630. 

Rental property is distressed and needs to be rehabbed so can't really borrow any money on it unless it is homestyle renovation/construction loanThank you in advance for your response.

highly risky to borrow money to do this.. what happens when the flip flops and you lose 50k ????

Talk to a bank and find out how much you can borrow and don't max yourself out. 

A NO-DOC multi-family loan is a type of term loan program that does not require a verification of income or tax returns from the borrower.