You can determine if the cost segregation study makes sense by speaking with your accountant and many cost segregation professionals offer a free analysis.

-- We focus on verifying 2-year work history and verifying rent payments with last 2 landlords (unless in same property for 5+ years).3) MoveIn Specials: be careful with offering "free rent" as will just attract tenants with no cash.-- Try free TV or something else worth 25-50% of one month of rent.-- Or, what we do is offer the free rent AFTER & ONLY if they pay their first 3 months of rent on time to earn it.4) Lower the rent 5% every 2-4 weeks until activity picks up.5) Understand this is the worst time of year to find tenants.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?

I would like to get a structure for fix and flipping in 2025 so that I can do it in my free time. 

Feel free to reach out and we can discuss.

What do you guys think about this strategy of opening up a HELOC in hopes of freeing up some of my other capital.  

You have received some great recommendations and if you are yet to decide on an Investor friendly to work with, you can send me a DM and see if we are a good fit.I do provide free mentorship and a lot of free resources and connections to anyone I work with especially beginners like you. 

Haven't had any issues, but I am worried about liability should something happen like a fire. 

Feel free to PM me. 

Always happy to connect and share insights—feel free to reach out if you want to collaborate or discuss deals!

A Property Manager can also assist with understanding local regulations and the practical aspects of property management, ensuring you make a well-informed decision.Feel free to share more about your specific needs.