Hi Courtney,I'm a broker and property manager in Kissimmee/Davenport.Others have shared great insight that has a ton of merit, but like all areas it's essential to buy right. 

Using a HELOC  is a great idea as it is essentially a cash purchase.

It’s essential to build a solid foundation of knowledge and confidence in real estate investing.Learn MoreTo see some of the deals we’ve done and the successes our partners have achieved, please visit my BiggerPockets profile.

My question is, does his partners mother have any liability since they are essentially tenants and don’t own the house they are living in?

As a result, careful consideration of the ramifications of the S & A decision is essential when planning internal corporate restructuring transactions involving recorded deeds, as well as in estate planning transactions.CAVEAT❗️❗️❗️This DOES NOTpresently apply to transfers of non-homestead residential property to revocable living trust agreements or land trusts This is limited only to non-homestead properties (such as vacation homes, secondary residences, rental properties, or vacant land)KEY TAKEAWAYSIt is important to remember that a change of ownership or control might not make a difference unless the property has been appreciating at a rate of greater than 10% annually.

Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.

I also understand the frustration because a lot of existing duplexes are being sold for top dollar while essentially needing full renovations.

Your dedication to optimizing your assets is commendable, and it's essential to explore options that align with your goals.Each of the options you've outlined presents opportunities to leverage your resources effectively.

However, as mentioned in my post, it's essential to check the numbers.These new AI tools can help make decisions.

A two month deposit is huge-how many people are going to have essentially 3 months rent ready to hand out?