In this case you would get your full $80K back to pay off your HELOC balance and have almost no money in the property.Obviously, it might not work out that smoothly, but that gives you an example of what is possible. 

I hope the closing goes smoothly! 

How do I get this property under control, self sustaining, and running smooth so I can start hunting for the next deal?     

If you follow the instructions and work with your project manner your draws will be smooth and received in a timely manner.

And knowing exactly what you need to do and how to structure so that your mortgage process goes smoothly and doesn't become a trainwreck.Best of luck!

Try and have the current owner and/or realtor help in expediting the process to make a smooth transition.

However the minute I hit the 2 year mark, it was all smooth sailing.

We went with Navy Fed for ours and it was relatively smooth.

Being a landlord and ensuring everything runs smoothly is not an easy task, even under the best of circumstances.  

I am trying to make this thing as smooth as possible by covering everything ahead of time.