•Document everything – Ensure the transaction is structured at fair market value, with no special benefits to any family members.Bottom LineIt may be possible, but because of the family connection, the IRS could scrutinize the exchange.

It's crucial that this allocation is reasonable and well-documented to withstand IRS scrutiny.

Most (not all) HELOCs require that the property is titled to an individual (not LLC) and are full doc, meaning your employment history, income, DTI etc will be factors.

But, this being a larger syndicator they do have professionally made presentations and due diligence documents for you to look through.

At every point in history of the 15+ years of the site I've noticed the old timers complaining that the site is the worst it's ever been. 

You can close in an LLC and don't need to provide employment history, income or tax returns, and DTI isn't a factor.

.🎩 The Buffett ConnectionWarren Buffett's investment philosophy aligns beautifully with the principles of income-producing real estate, particularly through his well-documented love of dividend-paying stocks.🎯 The Buffett Dividend Strategy Coca-Cola remains one of the best examples of Buffett's philosophy in action:1988-1989: $1.3 billion investmentHeld for 30+ yearsGrowing dividend income streamShows the power of buying quality assets and holding for cash flow💳 The American Express StoryBuffett began buying AMEX in 1964 during the "Salad Oil Scandal" crisisMade a larger investment in 1991Berkshire now owns about 20% of American ExpressThe investment has generated billions in dividend incomePerfectly demonstrates Buffett's principle of buying great companies during temporary troubles (just like smart real estate investors who buy in good areas during market dips!)

Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.

Also be sure your PM is documenting everything if you already started demo and rehab.

Also being able to write down/document goals I set earlier and see if they are being hit.