If you get audited, you would need to be able to prove your intent to hold (vs. intent to buy, rehab and sell or flip). 

I am wanting to do a cash-out/refi on a property CRA is auditing my 2022 taxes, bank won't initiate an application if taxes show owing. 

An intermediary with integrity will demand an accounting and paper trail that will sustain an audit.  

Seems like it would be pushing the envelope and asking for an audit and fines.

The real issue is whether you can prove that you had the intent to hold for investment if you get audited.

I just thought that doing 1 action like a HELOC payment for the exact amount of the loan would be the quickest and easiest thing to do if I were to able to get audited, because I can easily show where the money went.

Put systems in place to double check and audit onsite managers (BP podcasts have been great for these ideas), systems to handle any evictions, systems to reconcile rent, etc...The one strategy that I have not done in my local market is to get information on the local parks.

I found this funny article just wanna to share with everyonehttp://www.forbes.com/sites/anthonynitti/2013/03/25/what-are-your-odds-of-being-audited-by-the-irs/ThanksHuy

Having a W2 income and claiming RE Professional Status is a great trigger for an IRS audit.

It's a budget friendly option to some of the other services, and they have engineers on staff + audit defense, but the more expensive cost seg companies ($1500-2500) will actually do walkthroughs of your property via Facetime to more granularly estimate components of your structure.