Selling and move on.  

Also, you can get a HELOC on your primary residence and use the proceeds to purchase investment properties as well.

This may take a month or two. 

I am asking what you hope to achieve with this complicated setup?

This is going to be "City Specifc" in my opinion.

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

need to get a better range on your ARV and not enough info to judge. 

I look forward to reading more of your experiences.  

Reading and watching BP podcasts to learn.

Purchase price: $300,000 Cash invested: $50,000 Purchased a 12 unit park owned mobile home park on a 5 acres.