HELOC is variable and inexpensive, and is revolving like a credit card. 

Just recently Jim Jefferies has been exposed by Avi Yemeni (one of this guests) for editing the videos to make it look like Avi was saying something he was not (Avi had a hidden cam of his own).

I can keep the HELOC open as revolving cash credit and use it for several years. 

Everybody has their thing.I'm also not cut out to be a bald, overweight, loser who's whole identity revolves around his work either.

I'd pay down high rate revolving debt and use a money market account for my emergency fund.

LOL.My business model REVOLVES around good school systems.  

Doing small things to surprise & delight guests makes me extremely happyI feel as if our lives have become much to revolved around technology & it’s just not a good way to live (ironic I am posting this on an online forum 😂)I would love to start a glampiing business that lets people immerse themselves in nature but I need it to be profitable once it’s established. 

Doing the refi would also be a one off type option, and I think the revolving nature of the HELOC works better for that type of short term funding. 

Hey @Cam Lawler!

Maybe not, but I also don't think that risk outweighs the small benefit that you're likely to get (in your situation) from the property being held under an LLC unless you have a sizable personal net worth that you also need to protect.I think an issue that is often overlooked is that there are rules coming from different sources:- Lending (Fannie/Freddie):  Revolves around purchase intent and how title is held; BTW, Fannie and Freddie say your 2nd home should be used PERSONALLY at least 14 days/year- Tax (IRS):  Revolves around proper expenses/deductions, "running it like a business"; actual title doesn't matter as much as proper deductions and no double dipping;  BTW, IRS says if you use your rental PERSONALLY more than 15 days [OR more than 10% of total days you rent to others at a fair market price, whichever is greater of the two] you need to start allocating expenses between business and personal (i.e., non-deductible)In your case (and given my understanding of it), I would :- Hold title in my own name (keeps Fannie and Freddie happy)- Make sure my insurance policy matches my intent to use the property as an STR (probably covers 95+% of your liability issues)- Open/increase a personal umbrella (probably covers 99+% of your liability issues)- Open/use separate bank account(s)/credit card(s) for your rentals (not necessarily needed when income is being reported on your personal return but will still help if you are ever audited because you can more easily show business expenses and no personal expenses intermixed within the accounts; can help when selling because it makes it easier to share account statements with potential buyer...that is "run it like a business")