Lets assume a 200k heloc, and a relatively generous 10k monthly income paid in one lump sum on the 1st of the month, and 3k monthly random expenses.This means on the first of the month the loan balance gets reduced to 190k as your paycheck goes towards repaying the heloc, then over the course of the month the heloc balance slowly creeps back up to 193k as your expenses start rolling in. 

Secondly, while doing the work yourselves can seem generous, you aren't doing the HOA any favors.

Wealth preservation is an added bonus but NOT in any way the main objective.

I'm in the Midwest, I buy for cash flow, with appreciation being the bonus. 

The cabinets they have for white shaker I found to be of higher quality then pretty much everything in price range they will also give you 10% bonus more off on these at the Glenview Lowes.

The sponsors' plan is to pull as much depreciation into the early years as possible using cost segregation & bonus depreciation (while it's still available).  

You should be prepared to actually speak numbers with them, and that you will be willing to file in small claims court and wage garnishment if they do not agree to your generous offer. 

It can also provide you with opportunities to leverage taxes incentives like Bonus depreciation.There are some opportunities that are available right now for those who have been committed to working in corporate America and contributing to the 401(k).

Offer them a cash bonus if they refer people to stay.

There is a lot of the labor force that had a bonus on staying on unemployment (just recently ended) plus everyone is learning to operate in the new normal.