Many HELOCs were closed out during the last recession - oops, there goes all that liquidity you thought you had, just when it's the perfect time to have it to invest.

The rental income and expenses would show up on a "schedule E" on your personal tax return.Your CPA should handle this for you.

Meaning if you default they liquidate the asset.

I have a low credit score (slightly above 600) due to carrying high credit card debt as well as having some charged off CC's from my college days, however the statute for those to show up on my credit report expire in August of this year so it should provide a sizable boost to my credit score, in addition to my plan I have in place to reduce my total credit usage from $12,000 (out of 13,000 available) down to about $4,000 by July (hopefully lower!).  

I have roughly $161k in equity and more in liquid assets.

In my many years of property management and personal investing, the clients who typically chase cash flow, will often have properties that do not appreciate all that well, and those properties tend to be less liquid. 

What percentage of expiring leases will renew their lease each month?

Purchase price: $25,200,000 Cash invested: $9,975,000 Rise at the Lofts550 E Earll Dr Phoenix, Arizona 85012Formerly Known As Plaza 550Units 92Acquisition Date 28-Jan-2022Purchase Price $25.2MInvested Capital $9.975MLoan 3+1+1 Non-Recourse Debt FundDeal Structure 506(B) SyndicationUnit Mix 92 1BProjected Hold 2-5 Years

As mentioned above, your job is to be in a position to be a known quantity when those clocks start expiring.    

I'm at the point of doing 2-3 flips a month and its a lot of liquid capital in all of these deals, I'd like to leverage myself a little more.