You could try to do a 1031 and roll the proceeds into a house hack.Your idea of a HELOC is quicker and easier, but you'll get less proceeds.Good luck

For example, certain electrical outlets that are dedicated to equipment such as appliances or computers should be depreciated over 5 years.Benefits of Residential Cost Segregation Although the cost segregation process may appear complex, the benefits of conducting a cost segregation study on residential rental property are both practical and significant.

You can find properties in the price you indicated but they have historically appreciated less than inflation, they may attract poor tenants, they likely will have poor rent growth    Or house hack local market and need at low as 3.5% but easier at 5%.  

it also makes it easier to hide the HELOC interest as something not connected to anything, when really it's an expense on the property it was used to purchase.

I live on Long Island, so investing out of state would be easier point of entry in terms of cost 

if the building is 10 units or less we have an easy loan no need to show income, easier.

According toFurnishedFinder.com, the average stay is 92 days.FurnishedFinder.com appears to be a primary source for marketingfurnished properties.

It's a much easier transaction for you and them.  

1) All of the spaces are the same and the one unit is higher in rent because it was a month to month and the owner raised the price because it was a travel nurse and was on a month to month lease. 2) The owner is saying I could easily bring the prices up to 2150-2250 per unit and keep it at long term leases to make it easier to manage. 

A lot of people in California have been looking at investing out of state in more landlord-friendly markets where they don't have rent control and it's easier to evict non-paying tenants.