Do they want a balloon payment at some point, or will they carry the loan forever? 

We've fixed the handful of items they listed.Unfortunately, two or three weeks ago I got an email from a code enforcement about this now year old citation.

., cost segregation studies), carrying forward 2024 losses, and accelerating deductible expenses to reduce taxable income.Shift to Passive Investments: If management has become burdensome, hire a property manager or transition equity into more passive assets like turnkey properties, syndications, or REITs to reduce workload while maintaining income potential.Expand or Reinvest: Use your equity to acquire new cash flow-positive properties in markets with strong fundamentals, focusing on diversification and long-term stability.By refinancing, selling underperformers, or paying down debt, you can improve liquidity and cash flow.

Cutting down on gov't spending and the pulling jobs back into the US should help offset some of the tariffs, but it will come down to which items exactly do get tariffs put on them and to what degree the tariffs are (10%/20%/50%).Overall, my guess is that rates will go down for early next year, rise during the middle quarter-third of the year, then fall slowly afterwards.

It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.

Hi @Kobe Carr I am a realtor here in the DFW.

Soft cost, carry cost, offsite and fees/.2 = 10,000,000 Total Build Cost 40 pads= 250k per pad Cost [250k/$150 per square ft = 1666 sqft per unit] 250k per pad x 20% = 50k for land ready to build. 

The most important thing is going to be staying organized with what items are purchased for which property. 

My AC unit has another 3-5 years before it’ll need to be replaced so I’m thinking this may be a clean exit before large big ticket items start needing attention in the next 5 years.

You should negotiate with the landlord that you don't mind taking care of small repair items such as tighten screws, drywall and paint repairs.