Money has to come from somewhere so where will it come from.issue will be if they increase sales tax it will be regressive tax as those who rent and don't own and have low wages will still pay more for everything.

It appears he had done poor underwriting.  

So a few options depending on your situation:- If you have the funds for the next one go for it! 

My pickup was under my insurance for personal use but when I added the cargo van, I put it down for business use.

@Nicholas Goerss  There are not real tricks to it.

As part of that, I'd like to tap into some of my current equity, but I don't know that it makes sense. 

It might not be the best method but it works for what I own because I only purchase performing notes. 

While it might be good to focus on newer 3/2/2 homes, if you catch a deal that is 2/1 and in the city next door to your target, it is always something to consider.

In general I say its a personal preference and there is no right or wrong here, just what works best for you. 

Should I flip it and sell it for 80k pay off the heloc and pocket the profit and use it for another deal?