Instead, you pay tax on your profit:  the proceeds of the sale less your cost basis (basically your purchase price (yes most closing costs are deducted, but I'm trying to keep this simple and not try to write a book). 

If you want to sell one-by-one, put one or two on the market as leases expire...simple solution. 

I am using very simple bylaws so I did not feel like I needed to hire an HOA expert to write these up.

Simple thought. 

@Delbert Standifer keep it simple my friend : )

For all you know, she's smart as a whip and can easily afford $1800 but hasn't bothered to move because she enjoys her simple life.When you purchase with existing tenants, you should introduce yourself as the new Landlord on the day of closing.

Might be as simple as a nurse visit periodically to help with personal care.Lots of options.  

The mortgage is a long-term, fixed rate loan charging compounding interest; the HELOC is a shorter-term, variable rate line of credit charging simple interest. 

Usually a simple search on your county court site should net you what you need.

Another great way is excel, its simple and effective.