One treats your renter like a short-term tenant that are a dime-a-dozen and can be turned over at a moments notice.  

I’ve got to get this monthlY payment down to create more cash flow - I like the idea of a HELOC -  My broker is suggesting I refinance to conventional and take out a HELOC Simultaneously -My goal is to decrease the original mortgage payment and use some of the equity to purchase another home.Any words of wisdom and experience are appreciated :)

Should we write up a month to month agreement and give notice to the tenants?

Study potential economic trends like, new job growth, relocation of companies, overall increase/decrease in employment .

The bank is actually not the issue most of the times is the owners.These are just some basic questions, I noticed on the forum I am not sure if they have been answered

Give them one week to sign or give written notice of their intent to move out.It may be a mistake.

We need to find some cost saving tricks to help decrease our rehab costs. 

Since these 2 reasons have slightly decreased demand - it makes the area even better.

You'll also notice not a lot of ADU's in Austin.

Your post reminded me to check my home owner policy renewal, I noticed the endorsement for the trust was not included, and call them, and they will add it in.