Even with rates where they're at lenders require you to have a certain ratio on the payment of rent vs mortgage.

Without tying up all my cash, what avenues should I pursue to cover the $72,400 cash payment I will need to make the deal happen on top of taking over the current owners loan?

You're probably buying at higher rates, but just run the numbers, see what you can afford, and compare potential monthly payments to what you could get in rent.

If it were me, I would contact the caseworker and explain that you want to terminate their lease for non-payment of rent and other lease violations.

1) make the payment directly from my HELOC account2) transfer the money from HELOC to business checking account, and then make the payment from my business checking account.

The payment is $2,196 with my current insurance.

If you pay on time on the first day of every month all the monthly payments go to principal and you don't pay any interests until June 2023.

Check your mortgage docs and with your servicer.You'll also need to look into:- Impact on your property taxes: some areas have different millage rates for owner-occupied vs non-owner occupied properties.- Impact on your home insurance: you'll need a landlord policy and confirmation of what will happen if vacant for more than 30 days.You should also consider impact of selling.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

“In the UK ‘more than a million households will see a significant jump in monthly payments’ this year as ‘the next batch of UK homeowners to have their mortgages repriced are preparing to make personal sacrifices”(Bloomberg).