@Isla Arshad Evictions are not complicated in North Carolina.

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.

Government Accountability Office estimates more than $100 billion in fraud,” ( Link )More recently, the complicity of company’s like Emergency Business Relief are now targets of criminal investigations.

This is a complicated situation with multiple layers to consider, so here’s my take based on your questions:If you’re looking to move assets from the partnership into individual LP (Limited Partner) names while avoiding capital gains, you’ll need a strategy that complies with tax regulations.

My contractor has gotten impatient waiting for him and has started taking matters into his own hands (he did the jack hammering of the floors which my plumber said had "complications" and would "take forever to get through"). 

It's complicated and not recommended for newer/smaller landlords, but it's a profit center for me.

It is far more complicated than an S-corporation.

It's only as complicated as you want to make it. 

Let's ignore the package of or individual SFHs for the moment though, since that is a little more complicated and seems to have been a distraction.

You get to live in a property you own for free or almost free, while learning the ropes of being a landlord and you get very very favorable financing, where you don’t have to worry about finding private lenders or getting into any complicated or exotic investment strategies on your first deal.