Looking forward to hearing your thoughts Let’s make 2025 the year we all adapt and thrive in this ever changing market!

Yeah the law changed I believe back in 2020.You cannot do short term rental with an HPR unless you own both sides.   

.: I would go HELOC for sure that would be best as others were saying the lower cost for the money changes between paying a higher rate for a personal line and typically personal lines they want a higher monthly charge as well independent from the interest rate.  

If you believe you can carry this place, without a negative carry, make any necessary repairs and can make changes to improve the rents...

Estimated cost for remaining changes (all new electric, drywall, tile, fixtures, cabinets, roof, doors, windows, heat pump, some siding, and fencing.

One would think a tenant with an ounce of brains would change their habits with the first violation.You need to get rid of this tenant. 

I would also be careful talking to property managers - they may have no problem telling about "other" buildings, but change of ownership in their own building is a threat to their livelihood.

You cannot change the area or the demographics of the area, so you have to pull the levers that community "needs" / "wants". 

There is a lawsuit from a company that invested in a deal with someone on BP (not this group) who ironically changed the name of their company after multiple failed deals) that is suing the GP and people personally for negligence because the sponsor did not do what they said they were going to do.

Paying it down faster doesn't change your payment.I recommend you speak with your lender so they can explain this to you.