Make sure that your tax accountant understands this. 

It may be hard to find unbiased advice on account of that.To me, it seems that his/their core competency is promotion and fund raising.

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

The property is livable, but I am account for a pretty significant turn in 4 - 7 years of paint, flooring, and any miscellaneous repairs that the inspector could have missed since it was occupied.

There are dozens of check boxes, some of them matter, and Balance Sheet and capital accounts are now required.

@Caryn FischerI agree with Jaron, you should definitely have a consultation with your tax accountant and/or financial planner before you do anything. 

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

This is a very common way for people to investing using their retirement accounts.

You will also need a US bank account.

Now you repeat that process until it's paid off.Disadvantages:It took a while for me to set up.Bank account is always low, lol.People can spend a lot with that amount of credit.People think I'm weird when I tell them DId you analyze what would happen if you moved all of that money you were using to pay off a heloc, not get a heloc and put that money in a treasury or other type of account that got you 6% interest or invest in an ETF or something lower risk?