If everything goes right I will be able to refinance and will have created 25% equity, or I may end up having to bring $10-20k to the refinance to get the 75% LTV depending on the appraisal, but even if that's the case it's still a great deal.

We plan to rebuild, but our neighbors are aging and do not wish to go through a rebuild.  

My goal is to build a sustainable rental portfolio that provides great housing for tenants and solid financial returns.I’m looking for advice, insights, and connections from experienced investors or local professionals.

I explained to him I stand up when I pee so I'd have to evict them instead.....Oddly enough, he didn't hire us lol.

@Matt LewisWhat did you end up doing?

HELOC is not what it used to be because HELOC rates are so high right now.

2> Terms and best practices: What are some ways to better set myself up to qualify for long term debt service products?

I am happy to chat about the process as well if you have questions.

.:  So we got a call from our property manager and said that the toilets were backing up. 

I recommend that you learn the tax code and take ownership over your strategy.Not having some foundational knowledge and an opinion on how to approach taxes as a business owner is a huge mistake.In my experience, every single business owner who says "I just let my CPA worry about it and I focus on my business" is doing a suboptimal job at tax planning.They are likely missing out on 10s or hundreds of thousands in saved dollars every year.Stop making excuses and get to work.Just a few months of part-time learning about taxes will pay you for the rest of your career.