This often only works with large properties where you are raising north of $1mm in equity, otherwise the legal fees eat up too much of the overall deal to make it worthwhile for anyone.  

Just ensure the interest rate on the HELOC doesn’t eat up too much of those tax savings, and it could be a smart move.

Otherwise, if you prefer not to go through that process, you'll be hit with a 25% tax on your rental income, which can eat into your profits.I also recommend investing in a couple of cameras and a good smart lock for security and monitoring.

Higher taxes can eat into your profit, so do your homework upfront.Financing options.

Otherwise, it looks like you may have 1031'd into "bad investments" for the tax deferment but are now eating the cash flow as a result. 

Hey All,Quick question, this may be a standard strategy, but what is the best plan when you start thinking about retirement and you own real estate.You can't eat equity.

Absolute NNN with 2% annual increases and you do nothing and has 20 years left on primary with parent corp. guarantee.Lot's of investors want to have their cake and eat it too.

For clients who look at doing laminate, it almost never makes sense since the labor costs they are quoted to install end up eating up the savings. 

And I don't feel like I'm "missing out" on anything, because (a) I'm still close to BK and NYC by car or public transport and (b) there are plenty of things to do and places to eat and drink across the river. 

The job could have scaled up and he went forward without communicating with you which is a big no no and may be he should eat some of the costs due to the miscommunication.