Heloc intrest deduction question

[Vijay Jain]

I have two part question

1)let say I bought 4 home using heloc on my primary home and used 100% to finance my 4 home purchase and these home are under my llc, so I transferred my heloc loan to my llc a/c and made purchase.

My question is in my rental income can I deduct interest paid for heloc loan as I think is this is no different than interest paid if I borrowed from some else.

2) second question is now let say I form another llc with my friend where both are equal partner what is the best/right way to sell transfer only two homes (out of 4 ) in this newly formed llc where my friend is partner so there is less or no tax implication and obviously has to be legal

Thanks for your time.