So if I look at the money I'll have to earn, over the amount I'll have to pay ($1,800.72/$3,346.07) I'm basically getting a 53% return by using that saved money to kill the MIP, correct?   

It basically works out to you using the HELOC as your primary account and having all of your money go into paying down the account while you draw from the account when you need money in your checking account to pay bills. 

That shouldn’t be a major hardship on the owner or tenants, it’s the basic arrangement they have now but in writing so everyone is on the same page.

I tell them the basic rules are not to damage the place, pay rent on time, and don't become a demanding tenant with frivolous requests because I will invite them to move to a place they would be happier in a heartbeat.

My markets (Arizona, Texas, Washington) are doing very well right now, thank you very much.I saw a chart that basically Vancouver, Toronto, Seattle are too hot to handle.

Basically in the process of helping out a local college regarding their future expansion I was told some now public information regarding multiple homes the college needs to give away or demolish.

So basically if they sell, they either have to short sale, or bring money to the table.

Keep a level head.. and do realize that like most things that have really big money potential it takes a lot of work a lot of drive and some capital..

A classic was when the sellers were still packing several hours after closing and I was there with my buyer waiting and they had the nerve to ask if we minded if they took showers before driving off. 

Big complexes/companies won't tell you anything over the phone so I usually just drive to the complex with a form and the signed authorization to get rental information and the PM will just fill it out for me.