@Collin WilsonThe $200 was generous enough!

There is potential expansion to add a legal bonus room or a unit but I don't consider it now since I don't have the capital yet.Do I miss anything?

From my experience, appraisers are a little more generous when it’s not a sales transaction.

And they should have actually make on unemployment with the federal bonuses than while working?

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).