In the mean time, if the HOA does try to re-foreclose on it, our legal adviser said that basically we once we get the main title we are still in a 1st position and can have the HOA's tenant (if they are even able to place once in there even) easily thrown out.My take away, skip this HOA foreclosure auctions.

On a refinance you have to get the title insurance 're-issued'.

Hello my name is Ben and I'm  newly married man planning for his future.

Look at the cost to talk with them as an investment in your future. 

My current RE goals are to invest in my first commercial real estate property within the next year.Cheers

My husband and I are needing for go write offs. 

I'm not confident in buying those and if I fail on my first attempt, I may not be able to continue confidently in the future.

It would be like writing a check to yourself. 

My questions are: Are they any implications (tax or otherwise) if after the funds are paid into the business account and my friend writes a check to their personal account from the LLC to get his money out?  

@Ceasar Abreu, another possible benefit of a HELOC is they are often interest only for many years, which means your net cash flow could be higher, but this also leaves a balloon payment.I will echo Greg: the only thing refinancing definitely saves you is having to write one check instead of two each month.