Most would agree that taking money from you primary residence is not a good idea at all. 

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

I'm guessing you got the same letter I received from REVA, although mine was in reference to a different DST - Reva One. 

I took out a HELCO on my primary - I understand not cash flowing - could have taken out a lot more but only took 50%. 

The thread addresses a different topic, the Real Estate Professional status, but the same principle applies to the hours in both contexts.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

2) Subsidizing rents:- S8 and other programs statisitically only train tenants how to be dependent on the free handouts.If you really want to make a difference, try basic financial education for tenants and the financial demographic they come from!

All depends on the interest rate on the primary home and if fixed.

How long it takes to be financially ready is different for everyone.

planning to list them for 2024 taxes as 6 different properties and when rehab will be done , I will get all 6 deeds, can I sell individual condo and 1031 based on basis I will show?