FEMA actually needs to visibly verify the presence of the flooded appliances to give you credit for it. 

With a HELOC, you have no extra expense (some HELOC has annual fees, but they are low - like $100 - $200 at most which is negligible) unless you actually pull the cash out.  

Namely, the person who is being foreclosed on gave up ownership of the house several years ago via quitclaim to another person that does not appear to be a family member.I'm assuming this triggered the due on sale clause for the bank, even though that took years to actually occur.

I've been hosting for a while now and want to expand my business.What are some books that go beyond the basics and actually teach you how to scale a STR business. 

The revenues should actually be 61k but app#1 in the basement is not for rent because it requires major renovations, therefore the income is 53k.

This is actually more of a liability (larger penalties & fines) than asbestos. 

Has anyone ever actually tired using his system or signed up for his mentoring program and use his team to buy real estate?

Unfortunately, I don't qualify.A note fund would be an interesting solution, but I don't think I yet qualify for that.The $11k would actually be 2018 contributions.I'll have to look more into the other options.Thanks again for quick input!

Is anyone actually buying and rehabbing consistently and profiting here?

Unless it is a really killer steal, your Practical options are probably at best to recoup any Actual expenses on this deal, and move on.