You may also be able to turn the property into a syndication and generate extra cash by listing it on a platform like lofty.ai

W2 employee in 2 full time jobs with the intent of investing in real estate to get some tax relief and generate cash flow. 

So, that may lead to appreciation eventually.

They’ll take the design plans and generate them easily. 

The LLC will not have any employees and won’t conduct business or generate income in CA.

Any advice, leads or potential partnerships would be greatly appreciated.Thank you all!

The strategy involves using the HELOC for a flip to generate fast cash, reinvesting profits into long-term rentals, or exploring alternative ventures like short-term rentals or partnerships.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent.

@Eugene Lubman Selling the property to your parents allows them to generate passive income while enabling you to perform a 1031 exchange to defer capital gains taxes.