I take no pleasure in being blunt, but the first warning sign was a 17% interest rate--sounds great to an inexperienced investor, but the realities of the real world make that VERY difficult to be successfully paid. 

Hi Dale Radcliff , sounds like you’re heading in the right direction on BP and you’ve also been able to realize and accept your current position, as not optimal.

I don’t see how you could do that unless you actually close on the property yourself without just assigning contracts.From your second post it sounds like you have some money to do stuff with.

Sounds like the market has been giving you the answer ("no trouble renting them" and only a marginal rent increases as a result of the rehab)...  

My primary purpose isn't really cashflow, though - hopefully that doesn't sound crazy.

It sounds like you are quite handy!

From what you've said about not wanting to drop 30% of your income on primary residence it sounds as if you have made your decision

It sounds like you would make some equity right out of the gate, but you'd have a HUGE monthly payment liability.

I am looking for a lender in the Puget Sound area that will provide a HELOC where I can pull out my equity on my investment properties.

Hi Skyler - Sounds great.