A HELOC might offer more flexibility if you're planning to purchase multiple properties over time, while a cash-out refinance could provide a lump sum that you can deploy immediately.1031 Exchange: If you decide to sell your Corpus Christi property, you might explore a 1031 exchange to defer capital gains taxes.

However, we have several questions and would appreciate the community's advice:Midwest Markets - Which Midwest markets offer the best value for investors and present good growth opportunities?

Many properties that have undergone a cost segregation study are sold utilizing a 1031 exchange to defer the depreciation recapture.

We discussed that in 2 years he would either sell, Rent it out ( and we co own the rental)  or buy me out of my share at present market value.  

Since the LLC is a disregarded entity, the income/expense flows to the 401k and will be tax deferred.

With that in mind, a sports-centered college town potentially presents a good opportunity as the school will often have visitors attending games who need places to stay. 

Either they did not do their homework right (appraisal comes in lower than their estimate, insurance/taxes are higher than their estimate, property did not have clear title, and/or the property has deferred maintenance) or they are shopping without having any experience in the industry. 

This is a company that will perform scheduled inspections of your rental property to identify deferred maintenance needs, dubious tenant activities (say, illegal pets, bad housekeeping, failure to change HVAC filters etc). 

The seller would like to net the most but also carry a note after at least 50k in taxable proceeds, in order to defer her capital gains.

All was going well until I started asking too many questions & diverting him from his script:)  As the call went on I felt more like I was in a timeshare presentation.