The beneficiaries are all hidden from 'adversaries' who may want to sue you, but you must pierce that veil of protection when it comes to lending. 

Window units, no central air.Rents are on par with the area but updated units are going for close about $1,200 for 1/1 and $1,350 for 2/1.

I come from a poor upbringing and don't really have family members that have any money.

It's likely you will have to redo most of their work when you get it checked as you don't want an inferior product out there if you are selling or renting it.

There is a lot here that he needs go over, such as are you cashing out, looking to lock rate, is there pre pay, do you want community or agency?

Just be 💯 certain that you'll be able to refi that HELOC debt off when the time comes.However...At this stage in your investment career, I would URGE you not to sign up for negative cashflow in the hope that "the market" will save you.

Keep in mind that if there is equity to be had, you are probably competing with LOTS of other investors and wholesalers.

I am sure most real estate investors are not even familiar with what I am talking about, but the economy is a global economy and Multifamily investing is a tiny component too things and how immigration, inflation and other factors are handled will also have significant impacts that we just have no idea. 

I’m not looking to make real estate my full time job or anything that intense, but more tools to get me to financial independence sooner are always welcome, and this is something I think I could be good at. 

Quote from @John Underwood: I provide cable channels or you tube TV.How are you handling YoutubeTV?