Since you bought this for $5k less than the appraised value, I don't think there would be a big enough jump in adding value where you can do a cash-out refinance, and you would likely be bringing money to the table to pay off the HELOC with a standard refinance. 

And this works great, when it works, but as soon as the place goes vacant, or rents drop, or a major repair is needed, you still need to pay your debts, so the risks to your cash flow are increased.

To me, this is using security deposit to pay for repairs DURING a lease (because the tenants aren't moving any time soon). 

We floated the most affected areas, probaly should have spent the extra $1000 to float the entire house. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I will need to pay my help as we go.

Here are some steps and considerations for ensuring your LLCs are compliant from a legal perspective:For Your SDIRA LLCs in Florida:LLC Registration: You have filed the foreign LLCs with the State of Florida, which is essential.FINCEN Registration: Registering with FINCEN (Financial Crimes Enforcement Network) was a necessary step for compliance with the Corporate Transparency Act.Ongoing Compliance:Annual Reports: Ensure you file annual reports for your LLCs with the Florida Department of State.State Taxes: Check if there are any state-specific taxes or fees you need to pay for the LLCs.For Your Non-Retirement LLC in Nevada Buying Property in Michigan:LLC Registration:Foreign LLC Filing: Once the purchase is finalized, file your LLC as a foreign entity in Michigan.FINCEN Registration:Corporate Transparency Act: As of 2021, the Corporate Transparency Act requires LLCs and other entities to register with FINCEN.

Hi All,Our tenant's lease requires a 60 days notice, she only gave 30 days notice, and we immediately started advertising the property and were able to secure a tenant fairly quickly where her lease ends on June 30, 2024, and she has already moved out as of June 22, 2024 after paying the rent for the month of June, and the new tenant will move in on July 1st, 2024. 

Here is a good mortgage payoff calculator that lets you apply extra payments to see how you can pay off your mortgage and save on interest. - Hope this helps, cheers!

If you are willing to pay market, buy a turnkey MLS property.