Since the trust is revocable, the basis would still be stepped up on the date of death of the last grantor of the trust.

Investment property HELOCs are hard to find but a closed end 2nd mortgage on an investment property is going to easily be in the 10s and up for an interest rate.More about DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

We are in a weird spot as the attorney we used created the LLC but never sent us the final Operating Agreement (only the draft without our actual names on the signature lines). 

Seems to me that the % ownership should be tied to actual cash in the deal with consideration for other work involved in making the deal happen. 

I'd start by assessing their performance - compare the actuals to the airdna / bnbcalc projections, assess the ratings and reviews on the listing.

I would do absolutely nothing.There is no reason to compete with stupidity as it will weed itself out.If one property comes to market at $400-$500 cheaper than actual market rents ONE lucky person will get that property and one foolish landlord will be losing a LOT of money.This would literally have zero impact on my ability to rent my place and I wouldn't for one second allow it to influence my pricing strategy.

I thought that was odd, but since I am new to the market I wasn't sure what peak demand season actually was. 

(I found an awesome BP interview video via Google about ARV and thought it quite funny that I actually didn't check here first).My intention is to continue learning all I can from here, friends who do this, and anywhere else I can for a month and then jump into making my first educated move.

Seller should actually breach the contract before filing suit.

only if it doesn't work ha    Lots of great feedback and advice here all comes down to your values and after that your goals work on those first to slow your process down and really get clarity on what you are actually trying to accomplish.