The second option is that she go to court, where she will lose, you get a judgment for everything owed including cleaning and repairs, and then you send her to collections where it will prevent her from qualifying for another rental, getting a car loan, etc.

Those who are here for a specific purpose like finding deals or raising money typically struggle because the more people you help, the more people are willing to help you.  

You could make the same amount of money (or more) without the time, stress, or energy required as a DIY Landlord.If you do decide to manage yourself, you need a quick education.

I guess it always depends on how much money you have, what you want to buy and what your strategy is. 

When an IRA borrows money, it needs to use a Non-Recourse loan.

Or, should I just take a fraction of money and put that towards a down payment and finance the rest with a 30 yr mortgage?

I think that losing the HELOC should create a little better cash flow but at the very least it will put some stability into my debt service. 

Compare that to hard money at 10-12 and 3-4 points and you can see, this has been very cheap money to scale.

I have invested a large sum of money with a company (individual with LLC) who has filed chapter 11 bankruptcy.

You will have to pay taxes on money above $250k earnedLet’s say it’s in a trust and your parents pass and the house today is worth $400k and you sell it in ten years for $500k.