This means depreciation schedules are longer than they would be for a U.S. property, so the tax benefits aren’t as immediate.- Material participation rules still apply: If you meet the IRS material participation tests, losses from a short-term rental can be treated as nonpassive, allowing them to offset W-2 or business income.

So I was just wanting to get opinions on the best way to leverage the equity and heloc I have? 

So, based on your numbers you could borrow up to 243,750 on property A, but owe 220k, so that would only be 23,750 in borrowable equity. 

So if anyone would like to connect with me feel free to do so! 

It had some value add components to it so there was plenty of meat on the bone.

So you might not be able to get the best estimate. 

For those buyers it's called "parking their money".

LLCs are normal for CRE, so you divvy up the ownership interest how you and your capital partner(s) see fit.What's your specific question? 

So, I would be very conservative (for your standpoint) on the researched estimate.I would do what I suggested above, then if the tenant takes you to small claims court you explain to the judge the legislative time restrictions you were under in order to come up with an accurate repair expense.This is yet another example of how "tenant protection" laws, in practice, end up hurting the tenant in the end.

So, whether you're considering single-family homes or multifamily units, it’s wise to examine the local market dynamics and consider the potential for value creation through operational changes in multifamily properties.