The other HELOC has a $0 balance and will be used as down payment on the purchase.

Equity;   balance due + closing costs + rehab I want to still be at or under what I could sell it for. 

> You don't get to write off your negative gains until you sell the property (they accumulate each year) or have a positive year to balance against. 

After all the damaging and cleaning cost, can I keep the remaining balance of the security deposit for the Sept rent that she owes?

@Neil McCartyIf you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds from your former employer 401k and/or non-Roth IRA.You could then take a loan of up to 50% of the balance not to exceed $50,000.

This probably goes without saying, but the overall assumption here is that the card balance is paid off in full every cycle, no exceptions.   

Let me explain, I reached out to this individual 3 months ago because I am brand new to the industry and I highly respected his Podcasts and his achievements in Real Estate Investing.

Some of these cards were 0% on just purchases, and some of them had balance transfer checks that could be deposited into the account and then wired as my portion of the down payment on a property.  

In my world there is a balance between maximizing ROI and generating a decent income with minimal headaches.

Sounds like that’s a goal you set for yourself, and then achieved.