We are responsible for the mortgage as of January 1 - but it's come to our attention that they stopped paying it back In October 2024.

I'd like to use this to make an "all-cash" offer on a SFR, and then convert that to a conventional mortgage to pay off the HELOC.  

It seems a stretch to pay for the Rig with Section 179.I would have development equipment onboard and dedicate a portion of the space to developmentI could put the companies logo on the side as advertisementGiven this, what tax strategies are actually practical?

I was extremely humbled by people and their excuses when it comes to paying rent on time.

I will be paying about $44K out of pocket back into my HELOC.

I encourage anyone reading this and thinking about co-living to pay attention to this part very carefully.

I often have tenants who don't pay the last month's rent because they think the security deposit will cover what is owed. 

This is where the mortgage stays in the seller's name but, you as the buyer, pay the mortgage.

Very commonly the resident pays a portion of the rent so your rent increase will affect their budget and their lives. 

A HELOC offers flexibility, as you only pay interest on what you use, but rates tend to be variable.