With the economy and market as they are, should I continue aggressively paying down the HELOC to potentially borrow against again or should I just pay the Interest Only (IO) payments and seek other funding at the current day higher interest rates?

While it was nice to learn, I ultimately realized that my time is much more valuable doing what I do best and it's better to pay for those who specialize in evictions.

Best,Drago

Best of luck! 

When the building is fully rented allowing for a 10% vacancy the NOI will be $136,800.00 which will put the value around $1,700,000.00The refi I have in place at current rates will give me about 200K cash out and 50K cash flow a year.There's a ton more I could add in here but it's already a long post.

I think super detailed stuff like tax law is interesting, and I have plenty of experience with 1031s and SFR investing, but a Turnkey operator on a forum shouldn't be your tax advisor ;) Sorry to raise your hopes and then dash them - I will speak more carefully in future.All the best,Clayton

It's a subject-to deal where the owner owes $165k on the mortgage at a 3.5% rate.

Typically the homes require a downpayment of over $100K to assume a sub-3% rate. 

Trusted Property Inspections is the best that I have found in Cleveland. 

A flip as your first project without the financial cushion is not the best idea.