Used your HELOC to fund the down payment on a second property if the right opportunity presents, otherwise those returns wouldn’t be juicy enough for me to take on more debt for the sake of scaling if you’re buying at retail. 

Hello Bigger pockets just dropped the blog link attached with current hedge funds buying single family homes .

Have you considered the fact is you can invest up to 80% of the funds into a new LLC the next day or at any time all tax-deferred?

Then if/when another good deal comes up, you can approach a lender and look at leveraging either of the properties in order to fund the down payment of the new property.

If they are up for renewal and you elect to non renew them you must stop accepting funds from the occupants after the lease expires (accepting rent after the lease expires may make it appear you have a tenancy at will agreement). 

Labor, supply chain (we are on an island) and red tape: from offers and closing, to funding to permits.  

Just have your lawyer contact them- they have no legal right to withhold funds or documents, those are your property.

Once the property is sold we will be able to pay off the HELOC and will also have further funds coming in the following year.

It might be wise to sell it just from a management standpoint and reposition the money into some index funds and maybe another property in NC.

Now I'm looking into commercial HUD loans and perhaps starting a fund to continue scaling.