I’ve seen situations like this before..one old friend of mine in Austin had a few industrial buildings where the cash flow was decent but not dazzling, and he was itching for a way to ramp things up.

Its situated along the Colorado River if I recall. 

Rent-controlled places can still be good investments, but it’s all about playing the long game.What’s the situation with the rents?

It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).

HELOC can be good for this situation - then you can pay it down and use it again for other life events etc. 

LTRs do not face those types of situations. 

I would recommend consulting with your CPA/a CPA to look at the benefits of a cost seg for your specific situation.

What does the partnership split usually look like in these situations? 

We're currently renting downtown and looking to get started as first-time home buyers in an owner-occupied duplex situation to start our path in rei. 

Where another issue arrises is I recently quit my job after becoming pregnant as they would not cover my maternity while overseas, my husband is employed however he works for a UK company and is British so would be unlikely to help us with the situation in the US.