The tenant made the point to say it will be a difficult task to find new housing in 4 weeks and brought up the idea that the courts would likely let them stay longer.

The tax law changes every year, can you really keep up with it?

If you are just doing a lower leverage (compared to a full 75% cash out) then it will save you on the rate as well.Happy to connect and talk through some options, but it would certainly be feasible to Quit Claim your property into your LLC and do the HELOC from there, but it is up to you.Good luck!

However, if you wanted to be perfectly buttoned up, you could draw up a contract between your LLCs and they could share in the expense for this PO Box.  

Based on this ruling, the City no longer has any regulations for short term rentals.This should clear up an confusion about weather STR are allowed as the courts have unambiguously decided that they are both permitted and protected.

I would like the system set up where the tenant pays for the utilities.

I was already considering putting up a wood or vinyl fence to create a decent outdoor space for my tenant but that will only block the sight in the back. 

https://www.biggerpockets.com/blog/what-documents-do-you-nee...BRRRR Loans: What Are the Options, and How Do DSCR Loans Stack Up?

Call up a wholesaler, agent, or lender and see if your situation dictates whether you should or should not buy that property, fix it up, take out a HELOC, or invest in that syndication.

If your 45k increased the value of the property 70k, and during the time you've owned the property the property value went up, you might refinance 50 or 60k out.