In a perfect world, your primary would be paid off and the only HELOC on it would be for peronsal emergency issues - job loss, medical, etc.Recommend you find a lender that finances rentals, get a refinance going, then watch mortgage rates for the next dip to lock in a decent rate and close.

Is this issue that there is not enough room in your deals to pay the property management fees and still turn a profit?

We've contacted the neighbor and he's agreed to draw up an easement to resolve the issue.

Is he required to issue me a 1099 form for rental income for 2023 taxes?

I'm very familiar with self managing in terms of the tenant screening process, getting the tenant moved in, and maintenance etc issues during tenancy, but this will be the first time I'm trying to prepare for a tenant move out.

You are working with a broker - OK, Yes, they can technically have two files running at the same time but shouldn’t do that in the wholesale side again because it’s just out of respect, and two it sounds like this may be a float vs lock situation?

I know it will be an issue if sell, but what if I never sell and just keep it as a rental? 

@Kim Durst Potentially you could take the $10k, then have another $10k (or whatever amount you feel covers your cost if there are further issues) held in escrow.

In MHP's they are regulated like cars rather than real estate, but the renovation is mostly the same (sans foundation issues, and structural issues if leave the outside walls intact).

Rehab took longer than expected due to contractor issues but we were able to find a new contractor, complete the work and get the property sold.