This could be a great option for your property as well.I recently met an investor at a networking event who specializes exclusively in pad splits.

If not rented at fair market rent, this property will just count as your residence, not a rental for tax purposes.Structuring the property under an LLC or land trust could trigger a due-on-sale clause, so check with the lender before proceeding.To minimize risk, consult a CPA for tax strategy, weigh financing costs, and draft a legal rental agreement.

Your SEC attorney can help you with the details.Typically you would have one LLC that owns the properties and another LLC that acts as manager.

I used half the HELOC ($160K) as a down payment on a 12-unit property, making my dad a 35% owner since we used his funds.

Can anyone recommend a HELOC lender for a SFH investment property in Los Angeles, CA?

You bought a property.

If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

I am an investor and agent in Greensboro and would love more info on the property!

One of our borrowers who successfully flips on the South Side (Dobson, Park Forest, etc.) is capitalizing on the abundance of discounted rehab properties (on market and off market via wholesalers and the such), which is a key strategy given rising rates. 

The property isn’t worth what he paid for it.