There are essentially two schools of thought here--and you are seeing answers from both.  

It's the difference between a rule and a principle. 

There's also 1031x and step up basis that can further defer/eliminate depreciation recapture. same principles apply for bonus depreciation considerations. as you progress your REI journey you'll understand how powerful expense offsets are, even if some get suspended for a period of time.

Kabene - If your HELOC rate is 3.99% for only one year, not sure it makes sense to pay off your principle on the loan.

Loan assumption Is essentially at market value $298k, but the $0 down outside of closing cost on loan assumption are what’s hooking me.

Did you confirm the 2% annual management fee is deducted from principle prior to principle being returned? 

Thank you,Phil Don’t have any experience with the mentioned mentors, but I do have 45 years experience in commercial real estate investing.Flipping (wholesaling) commercial properties require the same base of knowledge (real estate principles, real estate law and real estate finance) that is a foundational requirement for flipping residential properties; PLUS, extensive knowledge of the commercial property TYPE one is trying to engage with, and extensive knowledge of the local real estate market for the subject property type. 

For anyone unfamiliar with Turo, it is essentially like the Airbnb of rental cars.

It's 100% tax-free income forever and you never have to increase leverage or even touch your cash flow.People who primarily "invest for cash flow" don't have a very deep understanding of REI principles.

My private money lenders typically loan for 1 year with a return of principle and interest at the end of the year term.