Thank you.Once you get a good foundation and you are financially ready to buy a property, pull the trigger on a solid deal. 

Congrats on pulling the trigger on this.

Quote from @Samantha Derman: Hi all, looking for advice before I pull the trigger on a HELOC on my own home.

Looking for some advice/guidance on whether or not to pull the trigger on a prospective duplex.

In that case, you can take out cash through a loan without triggering a taxable event, even if you use that cash as a down payment on another multifamily property.

I haven't pulled the trigger to put an offer on it yet. 

OOS investing is good as well, but get to know your city you are looking in before pulling the trigger! 

For example, payment from a person should be automatically trigger assignment of a property to it.

The more complicated your business structure becomes, the more problems it can actually cause such as when looking for lending options, getting the best interest rate, keeping clean accounting, filing taxes, opening bank accounts, getting credit cards, executing a 1031, making title insurance claims or even triggering a due on sale clause, etc. 

Also, I know this status can sometimes trigger an audit.