A traditional bank will not give a line of credit even if there is significant equity because it boils down to being able to pay back the money. 

The rents at purchase were not even 2/3 of my PITI (so crazy negative cash flow but one reason acquired below retail).  

I recommend continuing to learn pros and cons of each and determine which paths (I pluralize it as you should diversify even across real estate).

The issue with section 179 expense is that you normally have to operate at positive income.Under most circumstances, bonus depreciation is better since you can take bonus depreciation even if you operate at negative income. 

Hell, even Motel 6 has a couple of junk pictures screwed to the wall.

Even if she was to sale or gift the house before she went into the home. 

I am still a bit leery about Safeguard's relationship with this particular borrower and even the closing agent.

But coming close to break even, especially when using Interest only debt(HELOC), I'd say probably not a good idea.  

Hi Eric....STR can be tough in DFW area, but some people still doing well, while many are bailing, seeing if they can turn them to MTR or even LTR. 

Other things to consider:HOA RESTRICTIONS: If your property is part of a homeowners’ association (HOA), check their rules, as they may prohibit or restrict ADUs even if city zoning allows them.