Thank you all for your responsesSo just so I got it:it probably wouldn't benefit me to use a HELOC for a rental property as the cash flow wouldn't be substantial enough and I'd have to continually pull from the HELOCEven if I do receive a HELOC for 80k, if I pulled 50k from it, I'd only be responsible for INTEREST ONLY of the 50k I pulledtheir will be closing costsDoes that about sum it up?

Some highlights:The Pinellas County real estate market is continuing to see higher sale prices and units moving at a faster rate...compared to February 2017.The Median Sale Price for Single FamilyHomes was up by an impressive 10.0% from last year, at $244,250 for February 2018 versus $222,000 for February 2017. 

(We have visited all the continents and 108 different countries)I learned the following at a very early age:If owning one house was good, owning 10 houses was better.If owning 10 houses was good, owning 100 houses was even better.I continued that trend and I believe four years ago, my wife and I went over the number 1000 in single-family residences we have owned or built in our lifetime.

I am not 100% sure of your post but if you asked for an extension on them holding the apartment and said if you can't make it happen I would like to cancel, the most likely scenario is that they were not able to continue holding the property and thus cancelled. 

I'll keep the sleeves rolled up and keep you posted as the hunt continues. 

The Denver market going soo hot has had a huge impact on the CSprings  market and many of us who have properties there are holding as we think this gonna continue for a while.

I have reached a "critical mass", making it difficult for me to continue to scale without delegating work out.I began by hiring out lawn care/snow removal a few years ago, and found a great reliable guy who, sadly, closed his side hustle landscaping business a year ago.  

I think I will continue with the LLC strategy but also emplace an umbrella policy.  

Location: Clayton CountyLess than a mile from public transit2 miles from Elementary, Middle, and High School Reason for selling: Seller is motivated because her husband passedBought the house in 2002 refinanced in 2009Remaining Balance on Loan $112 Monthly Mortgage is $977House 2100 sq Comps in the area 95k Seller has 5 other rental properties she wants to continue to maintain.

🚨Location: Clayton CountyLess than a mile from public transit2 miles from Elementary, Middle, and High School Reason for selling: Seller is motivated because her husband passedBought the house in 2002 refinanced in 2009Remaining Balance on Loan $112 Monthly Mortgage is $977House 2100 sq Comps in the area 95kSeller has 5 other rental properties she wants to continue to maintain.