A lot of my clients buy in Alexandria because of the strong rental market and laid back laws on short and midterm rentals. 

I'm compiled a short list of wholesalers in Dallas/Fort Worth, be glad to share it with anyone who would like it.

I am guessing that the tenant may be short on funds to pay twice for Jan, until reimbursed by the old owner, so would first make your case to the old owner who has the funds you are owed and certainly hope once reminded of that will refund them. 

I would think with the HELOC, I could run with that until I can do a refi and with the interest rates starting to come down, there should be some gains to be made and I can repay the HELOC in short term. 

Thanks There's never any guarantee you're going to get 100% of your own cash back out of the house especially in a short time frame.

The only exception might be if you plan to and if your market supports short term rentals.

And also being next to a base Im thinking about short term renting, or Air BNB How did you finance this deal?

Luxury rentals, purchases and short term accommodations will be in high demand from Santa Barbara to San Diego and a drastic uptick in inventory for sale can be anticipated in the areas most effected by the fires. 

A landlord looks a t how much the property will make long term.A flipper looks at how much in a short term .

My wife briefly help a friend manage their monthly short term rental in San Francisco while they were traveling and have a few friends that do it.Monthly rentals seem to book pretty well, but not at a significant premium to long term term rentals.