Do your risk reward analysis.  

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 much additonal money do they need to finish/complete the project?   

Licensing can be such a maze to navigate, but getting it right is key to protecting your projects and investments.

As seen above, average rates were in the 6.5% range and projections for both MBA and Fannie showed projected higher rates before they came back down.

I would recommend getting a free cost/benefit analysis to see if you specifically could benefit from the study.Real Estate Professional Status

Running a detailed cost analysis for both options will help clarify which aligns better with your goals.

Hey BP, Im looking for project management software.

check to see if there is still 179 on airplanes.. and then put it in the rental fleet at a very good FBO and then use it when you want to visit your new holdings your 1031 into.. buy RV's and put them in rental fleets.most syndicated RE projects these days will have some tax benefits.. just musing here.. 

Been moving along with this project.