In my flips I want to make sure permits are pulled and everything is above board on my flips...would there be pushback against my thinking based on your experience with this?

Is it hard to pull that type of cash out of a property?

They don't allow auto payments or automatically add late fees, and tenants would have the option to pull their payment back, which is not ideal.

Simply gifting him half the property now wouldn’t immediately allow him to claim the exclusion without fulfilling this residency requirement, I don't believe.One thought would be to use a HELOC to pull just enough equity out of the current home and use it to buy a smaller home, or at least the down payment.

If I had an answer to my money issue then I would quickly pull the trigger on a good deal. 

Most others find seller-financed deals through pulling data on property owners in the areas they want to buy that have a lot of equity in their homes.

Right now I'm considering refinance options to pull out some equity.

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

It is a HUGE bummer as an agent to write up an offer to go to a junk property (happened to me last week) to end up pulling out.

My Wife and I are going to pull the trigger in 2025 and are looking in the Central PA area to buy our first STR.