It gets complicated if you use a HELOC towards two separate projects as you would need to pro-rate the interest across the two projects.However, the answer would be yes, they would be deductible.

How Ford’s BlueOval City Project Impacts Real Estate: A Setback and Opportunity for InvestorsFord’s massive BlueOval City project, a planned $5.6 billion electric vehicle (EV) manufacturing campus in Stanton, Tennessee, is a game-changer for the region.

These are also the banks that are more commonly relationship lenders and will allow your originations to out pace your balance sheet if you are consistently able to execute on the projects they fund for you.

You get to take depreciation on an appreciating asset, you can even get tax credits for various projects and actions which depending the level your at equals a pay-day. 

I graduate in may and I am projected to play professional baseball after the MLB draft in July.

Their first project...a neighborhood of single-family homes...yielded a steady 8% ROI in its first year.2.

Project File is at link below. w overview of plot, creek and proposed house designs for the build.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

The projected rental income wouldn't cover the mortgage and HOA at this time.

Confirm what the no point option would look like in terms of rate/payment as you would want to refinance out of this program eventually and into a conforming product. 2.