Hello Everyone,I am working with my parents to 1031 a property that should go for around 800k with an 300k outstanding loan. 

My husband and I did light rehab to a small fleet of low income properties and are now focusing on landlording.

I'm generally only interested when this line is well below the outstanding balance.

Our company prepares Zoning Compliance Reports as part of Real Estate Lender's due diligence and we always ask municipalities for, and are provided, any outstanding violations.  

Cash: $8,300Roth IRA Contributions: $2,600   *Can pull out without penaltiesEmployer Roth 401k Loan: $6,000   *5% interest rate amortized over 15 yearsHELOC: $20,000  *5.75% interest only payments with 15 year amortized after 10 year draw (8 years remaining)*Currently own primary residence with approximately $60K more in equity from appreciation on top of the HELOCPersonal Line of Credit: $9,000  *7.75% interest rate revolving terms (2% of outstanding balance minimum payment per month)Total Funds Available: $45,900Any thoughts on how you'd utilize these funds and deploy them appropriately?  

Fleet wood?

I can reduce the outstanding balance so that the loan balance is no longer underwater.

Be careful because if there are a lot of outstanding bills owed by the deceased the estate, all estate assests, including the property can be liable for them.

I have this clause in my lease:"Money received by landlord from tenant shall be applied to tenant’s account in the following manner: first, to outstanding late fees and dishonored check fees; second, to outstanding late fees chargeable to tenant; third, to outstanding legal fees, or court costs, or both; fourth, to outstanding utility bills that are the tenant’s responsibility; and lastly, to rent."

Last nights was OUTSTANDING, and I hooked up with a local old REI vet who wants to look at and maybe play a role in my fledgling operation as a partner/mentor.