@Roy Gottesdiener The answer to question is it depends... on your market, strategy to buy RE, long term goals, and interest rates on your current properties.

In my experience, a property with multiple cottages and outbuildings can provide all kinds of creative strategies...some folks try short-term rentals or even specialized retreats if local regulations allow.

@Vidit MainiYou should have a consultation with a tax accountant to learn about tax strategies. 

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.

Let me know how I can help—STRs in areas like Destin are all about strategy!”

These subject to strategies all seem to risk doing something illegal, not my style or a strategy I would call sustainable.

I’m currently in the research phase for obtaining my first property, and I am looking to gain insight on market trends, investment strategies, and project management.

I’d greatly appreciate any insights on tools, contacts, or strategies that could make this type of investment more manageable. 

I have worked with a number of new investors that use this strategy to get started. 

I personally don't like a HELOC unless it's for short term costs that will have an easy exit strategy - ie: a BRRRR - use a HELOC for the rehab, then refinance and pay off the HELOC.