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!”

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 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.

Sounds like their combined income likely beats your other tenants.Your gut is probably your best bet and you need to go with it. 

I just reveled at a companys lead strategy that lead from the website directly to whatsapp.

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

Best Buy also seems like a strong bet, but they only sell single-game machines.