And you can adjust financing like I did to make it cash flow.My plan is I am never ever letting go this golden goose in my life!

I'm from Virginia and have lived here most of my adult life. 

At this point in time you are adrift at sea without a life preserver.

They are town house style apartments with 2bdrooms and 1.5 bath. 

I have been presented with an opportunity to invest in 2 syndications: 1) a 500 unit Garden Style (advertised as Class B) apartment community located in the Peachtree Corners neighborhood (around Hwy 140 and 141) of Norcross Georgia and 2) a 200 unit (what looks to be Class C) apartment community at Hillandale Drive near I-10 in Lithonia, GA 30058.

Again, shrink down the sink to a vessel sink + wall-mounted faucet, but pick a very different style from the upstairs.

For me it is personal freedom and creating a stable/joyful home life for families. 

Shoot me over your e-mail and I can send you a rehab calculator that will make your life easier

With the $150k heloc vs cash out refi, the heloc would save you quite bit of money over the life of the term and increase our monthly payments around $600If we go for the $200k option,  the cashout refi saves quite a bit over the life of the term and increases our monthly payments by around $900Does this make sense to others who have looked into the numbers?

Beyond title company fees, you may not have as many impounded for property taxes (which can really hit your cash reserves) allowing more cash for rehab or life.