If I 1031 exchange the property with the Heloc on it, the heloc would be paid off and closed during the sale of the property and I would be rolling only the left over equity or in this case 20k into the new property.

Be mindful I am writing from my cellphone.On Wednesday this week, I noticed for 2 months now I had not gotten paid for one of my homes.

I have always avoided inadequate parking for our multis & it's paid off.

Pre-Payment Penalty: If they have one, is it a flat penalty or does it have step down component like 6% of loan amount if paid off in year 1 / 5% if paid of in year 2 / 4% if paid off in year 3 / 3% if paid off in year 4 or is there a loan yield maintenance fee if paid off earlyUse of Funds: What are the funds being used for?

I think you would confuse things if you paid rent for your personal unit.

If I sue 'The Board' will I get the judgment paid - or can they just duck it, since no one person is named ?

Sometimes low cash flow is worth it if the area is really desirable and you will get paid on the appreciation. 

Property Manager calls tenant about the rent not being paid.

I also found that my larger homes were getting more attention on VRBO and I was able to get paid in advance (cash is king), whereas Airbnb sits on the guests cash until they have checked in, then it takes even a few more days for them to transfer the funds to me (or you can pay them to send it earlier - BS in my opinion). 

I plan to spend quite a bit and work quite a bit and the price I paid was no great bargain.