We cant seem to get a conventional loan on just one income. 

Quote from @Jesse Turner: Feel free to DM me about the AirDNA questions :) I'm looking for a community bank or portfolio lender who can offer a vacation home loan with a 10% down payment.

I am 99% confident that the loan was not fully paid off. 

I just installed keyless entry.

Also is he referring to consumer debt (credit cards, payday loans etc..).

Has anyone closed these new 40 year DSCR cash out loans I see advertised as fixed rate options? 

You will need to refinance with a commercial loan, usually with higher points and more down if you don't have enough equity.The main reason to use a LLC is to protect the asset from lawsuits.

You are not taxed when you are taking out a loan. 

You absolutely can use an installment sale in conjunction with a 1031 exchange... though I’m not sure if this is the answer to the current predicament.. we handle these all the time, especially on straddled year 1031 exchanges.- REI CPA

I can think of several reasons - but the bottom line is that since a HELOC is going to have a higher, variable interest rate, and a DSCR or conventional loan is going to have a lower, fixed rate... it wouldn't make any sense to have the BRRRR sit on the HELOC.