Don't let it stop you from investing in the future. in the meantime, how much personal cash flow do you have to pay the mortgages?

Your equity is not a savings account from which you can withdraw whatever you want.

Note that CA tends to have higher tax rates so if CA taxes $10k of rental income sourced in Ohio at a 9% rate, but you only paid, say, 4% to Ohio, maybe you'll get a credit for the 4%, but you're likely still paying the 5% differential to CA. 

As I have always had an in house notary in my company.so the on line notary is new to me.. only thing i dont like is getting charged for it.. just like mobile notary I wont pay for those.. if the title company insist on it I push back ***** and whine and just tell them no way am I paying a mobile notary because its your requirement LOL.

Not only that but you are going to carry a Heloc in a 2nd lien position and you will not be able to pull out more cash unless you do a cash out refinance to pay off the previous Heloc and take out more cash.85% of the home owners who take out a Heloc refinance in 3-5 years so it makes more sense to simply do a COR and avoid the future closing costs.

If you have one tenant renting the entire unit, that is another story; however, there are some bills if they don't pay, you are responsible for. 

That or pay a 6 cap for a 60 year old building with Billy Bob Hot Dogs as a tenant.

She is very stubborn and says she’s tired of maintaining and paying the bills every month, she is eager to just move a tenant in.

@Jesse Jamrowski 9% would come from someone paying my principal portion of the loan.

I like that the HELOC functioned more as a credit card, and I only had to pay for what I used, so I had 200K of equity on hand, but only had to pay the interest on 120K.