Am I looking at this correctly?

Quote from @Sokun SoI wish I knew, but we're talking about prepayments prior to a reservation.Previously, I just let the OTAs set their default (Airbnb 100% & VRBO 50/50), but now that I'm paying more attention to it through Lodgify, I'm going to do a 50/50 split and see if that helps increase bookings.Yes- however the funds are not sent to your bank account until shortly after they check in, correct?  

When there is a kink or a matter that requires immediate attention, Sief himself as managing partner, addresses it immediately and works non-stop until it is corrected.

It seems like I should call them to confirm they are doing it correctly.

Quote from @Aaron Antis: The others are correct.

You must use the HELOC in the appropriate manner to get the maximum benefits out of it, but what an awesome tool it can be when used correctly.

@Mike Dymski correct.

I’m thinking about doing this because I believe the following is possible (someone correct me if I’m wrong)1.

That doesn't relieve you of the need for all of the correct documentation notifications and information your accountant will need to fil the form 8824 at the end of the year. 

And less often talked about but definitely happening is people buying because they (probably correctly) assume it's only going to get more expensive to buy in the future.