California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

If there was moisture the mortar is not sound that needs replacing.

It not only protects me from any excess liability, it protects my property from any personal liability I may incur.

Personally, I would terrified to rent out property in CA due to the excessively-friendly tenant laws.

You can collect a little extra in the form of a security deposit for excessive furniture damage and you also earn a little more in rent as well. 

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

This way you are making a 25% return on your money in excess of your actual tax benefits. 

This would cover any incidentals or excessive mess that would exceed a normal cleaning.

The new mortgage will pay off the HML, and any excess loan proceeds will go in your pocket.

It will also be looked at when you go to refinance after the work is done on the ARV and be counted against you resulting in a higher DTI.If you have any issues while having a heloc like late payments, reduced credit score, excessive debts the bank or lender who holds the heloc "Will" close or lower the heloc line of credit to the current balance or zero.