Between that and the unknown amount of time the investment is ill-liquid, I'm not sure if it wouldn't have been better to just pay the tax and take the money. 

I have a w2 job earning about 100k a year, with a good amount of capital and some equity on my home (since it’s on a 15 year).

I dove head first into them and now I'm fixing my entire portfolio.I'm experimenting with a few other groups in Detroit right now for both turnkey buying move-in ready units, rehabbing, and tenant occupied.

Here's some playbook :- Typical DSCR 0.9-1.0 rent play: Antioch/Concord- Househacking free mortgage area : Hayward,San Leando,San Lorenzo- Fix and live in the flip: Hayward, Union City, San Jose, Santa Clara- Buy those house and wait for large appreciation: All Peninsula,San Jose,Santa Clara,Cupertino- Keep moving every 24 months play: San Jose LOL- buy those home with ADU play: Fairview, Hayward Hills, Oakland Hills, Berkeley.The creativity is endless in this market.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Your basis is $175k not $300k.The amount of loans you get on a home have nothing to do with taxes you pay/ larger loan = less basis.

If you base your tenant charges on the historical average, you should come very close to collecting the entire amount over a one-year period.Charge a higher rate.

I have a salary and a good amount of real estate income.So far I encountered issues as my real estate NET income looks like $0 because of depreciation, and so the DTI looks inflated since I have the corresponding real estate debt.I am looking for 300k HELOC on $1.2M property with $660k mortgage at 3%. 

from everyone in your current network and make sure that total amount if 150% or more than the money required to close.There are a lot of other factors to consider but the above it a good start.

I can tell you at our Phoenix branch every single employee loves what they do and take an immense amount of pride and accountability in every transaction.