A full O&E?

This is a pretty stressful time for us right now, and are curious if there is any help or loophole to this situation to take some of this weight off of our shoulders.Thank you so much for your time.

Tax implications would be a big factor, as would the predetermined buyout(or methodology for calculating future buyout amount), but the big factor would be their desire to max out profits weighted against their desired quality of life.But those deals are almost always a result of being observant at the right place and time.

Derrick E.

He really knows the ins and outs of Sch E & C and how it flows into the lending calculation.

But if you don't need the money now, San Diego is probably as good a bet as any to outpace the national home price appreciation rates over the long term.The other option is to cash out and put your $500k of equity to work somewhere else, maybe in turn key properties in the Midwest where appreciation is a more modest 2% (every city is different - I used Chicago to come up with 2%), but your return is weighted more to cashflow than appreciation (less risky).

@Ricky Stafford if your rental properties are listed on your schedule E of your tax returns then no lease is required. 

I'll be at Grindbreak  (114 1st St E, Humble, TX 77338) on Wednesday from 5-7. 

first use a credit card specifically 4 the business on all purchases, never pay cash. same with the bank account if you can. then track all the expenses using something like Quicken. you can categorize any expense and even split an expense if it's partly personal and partly for the property.On the Federal Form E you can specify the percent of the property that is owner-occupied. that's really all there is to it, we've been doing this for many years living in one unit of a multi.

Not at this stellar price.....The HELOC interest is deductible on Schedules C and E...with the rental income.