I would forget about growing the portfolio and generational wealth until your husband finds a job and you reduce your credit card debt.Credit card debt has interest rates above 20%, there is a strong case that your rentals are not generating a 20% return.

Matthew, Likely going to be difficult to find a bank that will hold a checkbook IRA LLC account and pay a rate.

I am considering a HELOC on one of my rental properties which has a lot of equity (~350k) and a low mortgage rate.

If you have an integrated account and receive the inquiry from VRBO, but then book the guest off platform they double their commission rate to 10%. 

Hi Glenn, interest income from loans is generally taxed at your marginal tax rate as ordinary income.

At least a bank that you have your relationship with and super strong deposits  and could probably hypothicate them and get a under 10% rate.. just musing..

I am getting a 5% interest rate, 30 year amortization with no balloon, no prepayment penalty.I am deciding the best way to fund the rehab. 

You would likely get higher daily rates by renting out the 3 BR. 

As long as you have have enough equity in the deal (20-25%) you could do a rate & term refinance and payoff the seller financed mortgage to get a new loan.

Again, have to be self employed to do this AND rates are higher on these loans.You will be able to add back your paper losses on your rental business by your lender using this form (if they are competent which not all when it comes to investment real estate) :  https://content.enactmi.com/documents/calculators/Form1038.C...