It will be it's own distinct tax paying entity.And because it is now the tax payer for the property it will have to be the entity that sells and does the 1031. 

The distinction is that credit card debt does not have a secured interest in the property, whereas HELOC debt does. 

Occasionally they are capitalized into the loan, which is a different calculation.Thank you, Steve, for pointing out the distinction.

The distinction is defined by the Code.

As far as I know, in CA, there is no distinction between borrowers, when it comes to usury law. 10% is the limit, no matter who lends to whom (if none lic. lender and no broker involved).

In most jurisdictions, there is a legal distinction between a boarder/roomer and a tenant and quite often different rights and obligation on part of both the boarder/tenant and landlord.

Again, his terms are attainable through local banks, but I am not aware of HMLs in that range.I draw the distinction because financing through a bank and through a hard money lender are not interchangeable processes for many borrwers.

Hands off doesn't seem to work unless it's a highly professional crew with a distinct and true leader.

Nice to have the brokerage community chim in as well.I think on BP you have 3 distinct camps.. 1 a huge body of folks that have never done anything in RE and are wanting to do so, so they are trying to get educated on line here.Then you have the local investor, who 90% of the time probably does not buy from turn key but I know instances in all markets were locals will buy turn key..

As to their distinctions,its self explanatory.