If so, it will be much easier to get a HELOC or do a straight refinance.If you're confident in your ability to keep the money working and outperforming your interest rates, I'd consider doing a cash-out refinance and fix your interest rate for 30 years instead of a HELOC.

I will be debt free and well "ahead" of the curve per my age bracket so far as net worth is concerned.

I saw on the news that Texas was allowing evictions to go ahead. 

Still look at what you'd pay in rent and at the end of 2 years even if you sell it for what you paid for it and have to pay commission on the sale, you are still going to come out ahead compared to paying $53K in rent...and that assumes your rent doesn't go up again. 

Not sure your state's requirements but that's a starting point.And, as others have said, verify his insurance should you move ahead and have him do the work.Best,Mike

Too many investors are leaving money on the table simply because their tax professionals are not aware...rarely, are they tax strategists and it is so much easier for them to do straight-line depreciation.

With that being said, gather a list title companies in your area, call them one after the other, and shoot straight - " I wholesale real estate and I am looking for a title company to work with.

Title company just let them know ahead of time.

As for buying straight up conventional or private, in a non-owner occupied situation, in my experience, you are not likely to find a solution for less than 20% down in the general market place. 

After a few days, I have heard from the tenants telling me to start the eviction process and to go ahead with the increased rent.This is my first property and I'm not entirely sure what to do here.