With my current goal being focused more on cash flow, I’m wondering if pursuing turnkey means I’d have to wait many years to see any significant returns.

LOC on business purpose doesn't really make sense from a lenders perspective.Think about it, you have to tie up funds and not earn a return until the borrower wants to use them.Time is money and if your lending money you want a return each day your money is out.I'd strongly recommend just going with a cash out refinance and avoid spinning wheels looking for a LOC. 

These are two completely separate parts of your tax return. 

In my experience, cash flow is key, especially for long-term holds, so running a detailed DSCR (Debt Service Coverage Ratio) analysis might be a good step here.On the flip side, if you're eyeing faster returns, a flip might be more lucrative.

Hello, I have purchased 4 different asset manager lists over the past two years, but three were ineffective with outdated information and many email bounce-backs or returned mail.The best list I found was at RealEstateTargetdotcom; I did a successful snail mail and email campaign, and picked up three new banks and an account with LPS.I also cross referenced names on the list to see who was attending or speaking at various REO conferences, and made efforts to meet asset managers in person.

I recommend learning a bit on how to read the financials, but find yourself a great Accountant to help you analyze the financials and tax returns to make sure things make sense and are proper. 

How is this attempted by other, less informed, tax pros on the return?

If so, your IRA will most likely need to file a 990t tax return annually and pay this tax. 

What I got in return was valuable experience and equity.- check out the BP bookstore and start with 1 book... then move onto the next.

Trying to decide how to maximize my return on this on property with this space legally, knowing what right questions to ask and my options.