@John Kelly You’re right that transferring your homesteaded property to an LLC can often disqualify you from the homestead and veteran tax exemptions because these typically apply only to individuals, not LLCs.

hi @Alvin TaverasMortgage Broker here, i've been referring clients out to Credit Unions for their HELOCs. we have a handful of lenders that can do them, but i'm finding the juice is not worth the squeeze in the broker/ wholesale world.

@Charlie Martin Buying under an LLC offers liability protection and separates business finances, but it can complicate financing with higher rates and stricter terms, and lenders may still require a personal guarantee, impacting your DTI.For your first property, consider purchasing in your personal name for better loan terms and transferring it to an LLC later if needed, while using strong umbrella insurance to mitigate risk.

If you're in the real estate investment business and must watch every penny, irrespective of your time, then by all means, do what you think will keep your expenses to a minimum.If, on the other hand, you are really in the business of creating profit by way of being a good marketer and a committed dealmaker, your creative energies ought to be reserved for doing what you do best (or intend to do best)...

Once you have the equity in hand, you will have multiple routes to explore, it's just a matter of time when and how you liquidate!

On the other hand, it appears you are using them as a GC. 

Consider transferring to an LLC after occupancy, keeping the due-on-sale clause in mind.This post does not create a CPA-Client relationship.

I view this last point as an advantage, because it leaves me open to any market and forces me to build a hands-off system.

Not only can you deduct mortgage interest and property taxes, but you can also claim deductions for property repairs, depreciation, and other expenses related to maintaining the rental units.Learning While EarningHouse hacking gives you hands-on experience as a landlord while you continue to live in the property.

@Chad Verdesorry if this comes off as negative / discouraging but rates are high so this is likely what i call expensive money.now on the other hand, if you can do a cash out refinance, pull cash out, still cash flow, AND you have a specific opportunity - fine.