I have read every forum I could find reviewing of each of these and most are fairly dated so it'd be great to have recent experiences with them considering how software changes/hopefully improves with time and development. 

The interest paid on a HELOC may be deductible if you used the funds to "buy, build, or substantially improve" the first home. 

Only exception is "blood or flood" emergencies (everything is an emergency to a tenant).3) whatever your tax professional recommends.4) Any way but NOT picking rent up or accepting cash - unless tenant direct deposits to your bank account.5) You'll want to improve your lease over time as you deal with tenant issues.

This belief led me to pursue a career in kitchen remodeling, and I am proud to run Evolution Home Improvement LLC, a business dedicated to transforming kitchens into beautiful, functional spaces across New Jersey.Over the years, I have seen firsthand how a well-designed kitchen can enhance the value and appeal of a property.

I can definitely say that while the bigger fire we had was a pain... it actually worked out really well... in the end we had a much improved property, and we stepped in and did as much of the work we could do ourselves that the insurance company was compensating us at  'retail' rates for... like painting, and replacing cabinets, and other simple tasks.  

Also, define how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.

I believe FHA won't lend if there are any oil tanks, even if they are not in service - although they can be removed as part of 203k improvements.

BTW yes you ARE in the biz to spend and make improvements.

Keep in mind this property is relatively turnkey with most capital improvements completed within the past 5-7 yearsIn the middle of the month of May, I get a call from my tenants saying that their electricity got cut out and the oven and air conditioner don't work.

Did you do any improvements that increased the value?