Do you have any specialized skills or knowledge that will give you an advantage?

I would advise to find a lawyer or a attorney that specializes in real estate and throw a couple of bucks there way so that you can get their illegal advice and if you can legally charge them to replace it professionally 100% do that

I know some parents collect rent, but put it in a special account for when their kid moves out and the kid can use that as a down payment for a home. 

A HELOC is not a special loan that has to be paid off ASAP.

@Arya ChenTo initiate a self-storage deal, work with a specialized broker, preferably from networks like the Self Storage Association or commercial real estate firms.

We specialize in investments, property management and renovations! 

I specialize in helping investors grow their portfolios strategically, and your skill set would be a great asset in this space.Best of luck with whichever path you choose!

@Michael AblanHey Michael,I’m a commercial insurance broker who specializes in multifamily.

In all of my units I include a private workspace that's in a room with a door that closes (important for video calls), a comfy desk chair, monitor, keyboard, mouse, and hdmi cables.

(a) Dollar limitations -(3) Special rules for joint returns -(i) In general.