There are $400/hr consults who can assist with almost every topic on these boards.Also, just for your information, I do plan to ask an attorney to review the final document but was curious at a high level if it's even worth exploring this opportunity.Good luck to you sir.

Comps may seem to support a certain rent or price, (high or low) but it may be pulling data from an adjacent neighborhood that's much different.Plenty to choose from here - good cash flows in the lower priced properties, but an awareness that it comes with less appreciation and rent growth potential.

High?

Kitchen aesthetics: A lot of the things you listed (stainless steel, backsplash, etc) would still be highly desired in a closed off kitchen for most buyers.

I got 6 PDX officers and another 10 or more folks  that left the urban environment for our burb or little 22k pop city. values are high still though in the city so there is that to..

If I am unable to change the financing structure due to high costs of refinancing, are there ways to still protect the assets under an LLC?

If that's your goal, you want 6-7 homes that make great rentals - low costs of ownership & maintenance, high ROI relative to cash in the property, easy to rent, etc.

If the money will be tied into a project long term, a higher rate on your heloc can really impact your overall payment on the property (fixed debt plus heloc).

Consulting with a tax professional is highly recommended to ensure compliance with IRS regulations and to maximize your tax benefits.

@Joe WoodI agree with @Brian Eastman, the taxes from a $100K distribution would be high.