If you own part of an LLC that owns all the real estate, than only that LLC can do a 1031 for the entire amount.

Right now, homeowners across the country are seeing record amounts of equity.According to Intercontinental Exchange (ICE), the average homeowner with a mortgage has $319,000 in home equity.Why Have Homeowners Gained So Much Equity?

Aim for a mortgage amount that clears the remaining HELOC balance ($68K) and leaves room for any additional costs.                                                                                         

Any amount above the annual gift tax exclusion ($17,000 for 2023) counts against your lifetime exemption.

The insurance payouts over last years, it's just a mind boggling amount.

CoStar) to understand the rental market (rent amounts, absorbtion rate, etc..) but that service is fairly expensive. 

Considering the amount of time and energy I had invested, I probably could’ve made more working at McDonald’s over that time period.

When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.

What would be a smart strategy to put an amount like this into action? 

I do not have a traditional W2 job so I can't pursue the typical conventional loan or a FHA since I don't have income (hence the DSCR route).However, I've seen that most DSCR lenders do not lend if the loan amount is less than $100K.