And we live in CA so our tax rates are high.

In my experience, the best rates and terms for home equity products are from credit unions.

Interest rates are really high compared to those of recent years.

Even at a conservative 8% cap rate the building is worth around $1.625M.

Due to TCPA enforcement, my response rates on Launch Control and other texting platforms dropped dramatically.

Property is cash flowing and we have long term fixed rate debt.All good.

First, I would comp out what the going rate is for a 5/2 SFR in the same area where the subject property is in. 

In essence, it represents the maximum rent that CMHA is willing to pay for a particular property.Renting to CMHA tenants can indeed offer potential upsides, such as higher rents compared to market rates in some cases, as CMHA may be willing to pay above-market rates to ensure tenants have access to suitable housing.

turnkey means - you buy it with a high interest rate and high down payment, perform no value add, rent it out, and hope the HVAC doesn't go out in month 4.where or how is that 'cash flowing' right now?

The community has great UTV trails, so bought a Mule (not that expensive and built like a tank) to enjoy the trails.