Not sure of how my mother's eventual passing, will change that, but I anticipate that he might feel that her passing eliminates the need to generate income from that unit, and he can resume a rent free status.

There are many options and taking cash from one of the buildings that is generating income is definitely an option provided it is not in an LLC, Corp. or any other structure that would make this co-mingling of funds. 

My main objective is to generate $15k of reliable, monthly cashflow in the next 5-6 years with a buy and hold investment strategy.

It’s time to expand my operation and if there’s an Ohio market without Ohio taxes I want that area to be my next target.

Are you planning to run the facility or would you continue leasing it to the current operator?

1) Relationships – we have to have the types of true relationships needed to take a deal across the finish line. 2) Trust – we MUST have trust built with our investors and with Strong Team of Operators at the helm it helps to instill their trust in you and your team as partners!

I wanted to know if I could pull a HELOC to invest that money into purchasing another property where I could generate passive income.

Or do improvements not even matter that much since most of the appraisal value will be based on the income the property generates? 

The caveat to that is, ask your lender what paperwork they need from your LLC for your financing (operating agreement) - you could have your attorney draft it, or again, you could have it done on legal zoom..

@Rudy Manna The Jacksonville market is operating at a 3.1% unemployment rate, well below the national average.