A Heloc is nice if you want to use a small amount and then have a small payment but a Heloc is meant for small projects and maintenance.

I forgot to mention, it's meant to be turnkey so they manage it, and their split is 10% of gross income before all costs and debt service etc. 

Zoom out and anyone can see, the negative news so far, hasnt meant a thing. 

I own a few SFR rentals in Northern OH but def need to push harder to make the leap to Commercial so I can too walk away from my W-2 as well.It was meant for me to finally register for BP and see this!

If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.

I don't want to continue to post information to a thread meant to talk about this course that deals with overall note information.  

I hated it so much that when they offered to keep me in my unit (which meant no chance of going to Iraq or Afghanistan), I turned it down and chose the combat zone options instead. 

However, I did make a purchase in Pgh that is cash flowing,  but no equity so now I see more clearly what you meant when you said it’s better to have equity in the long run. 

In terms of a soft spot, that's usually the subfloor and not the LVP (I'm assuming that's what you meant).

You wear two hats, you’re the employee so IRS allows elective deferral (just like your current w-2 401k) up to $23k or $30,500 if over 50 AND the employer so you can also make profit sharing contributions of 20% if profit or 25% if gross payroll.