Currently occupied by a section 8 tenant on a year to year lease. currently paying $1805Cash flow = $800- I left out some CapEx expenses in the report, as this is a newly renovated home, but will account for everything once I dive deeper into this potential investment.

Why would I refinance and pay around $15k in costs just so that I can get a HELOC with them.

Bringing in 6 drunk friends in the middle of the night, especially in a house of women, is a recipe for a disaster.As for the cat, she shouldn't have left the door open, but unless it resulted in something happening to your cat (eg getting in a cat fight resulting in a visit to the vet), you can't make her pay you anything for that. 

You get to pay big bucks for that.

This is after rent appreciation, as well as selling 5 doors and taking some great profits from market appreciation and paying off other properties to lower our debt - which significantly boosted our cash flow.   

Someone handles accounting to record management fees, pay vendors, and pay the client... 

I have been paying each month what they told me I owed when I called in or spoke with them dropping of partial payments  sometimes and he said that was fine but on the 5 day pay or quit he included all the late charges due for 10 months?

Which means I may well have been the only person foolish enough to bid on it, among the billions of people with internet access.On the other hand, the fact that the owner didn't pay taxes since 2018 is not a big red flag.

@Estevan Benavides Lets say that ROI on a syndication deal does outpace the HELOC rate, my question is what do you prefer to go with since HELOC vs SDIRA are two very different tools when it comes pulling capital from.With HELOC, you borrow against your HELOC credit, pay the interest while you are in the syndication and eventually pay the borrowed amount back.

Just curious what other landlords out there are paying for their CPA every year.