HELOC bank doesn't want their line used as a term loan on real estate they don't have collateralized and the bank that you apply for a loan for doesn't want your down payment to be borrowed.If you wanted to get the HELOC for home improvements then decide to draw on it for liquidity, had it sit in a bank account for a couple months and then applied for a MF loan and used it as the down payment, you'd have to answer no to the question, "is any part of the down payment borrowed".

Where did you see it only applies to California?

There are a few ways to go about structuring the loan depending on how you plan on using the property and how much you intend to apply towards a down payment. 

This doesn't merely apply to your situation but litigation more generally.....

She is the only one that applied after the process and my wife said she was very nice to talk to and pleasant.

I heard that short term loophole is a one time benefit that you get the year you start service. The following year would be considered passive, so even if you materially participated, it would still be passive the fol...

There are settings in the platform that help you apply rules like dropping the nightly rates as they come closer, discounting for gaps between bookings, raising the prices around the holidays, etc.

Not sure if this applies to you but if you are planning on building lots of units it could be a natural fit. 

We found most folks can read the standards and do not bother applying (paying the application fee) if they do not qualify.

2) In a cash-refinance, let's say the new appraised value of the apartments is $1.8M, does this mean you can apply the $300k into the HELOC and not pay taxes?