They were counting on getting a check for the full amount and using it to supplement to make it more affordable.5.

QUESTION 1do i put $1000 on line 2 (Form 4562) and again in PART II line 14 (special depreciation) BUT NOT put it in PART III at allbut do put the $8000 in PART III under 19h (residential rental property).WITH THE GOAL  that line 22 (PART IV summary) will show $8000+$1000=$9000 of total depreciation for this year.QUESTION 2do i need to add a supplemental statement to form 4562 that explains this $1000 item i deemed section 179 is furniture?

This, supplemented by your HELOC, will give you plenty of dry powder to work with when acquiring the property. 

I would see how much equity you would be able to pull out of the condo, then supplement it with cash reserves for your down payment, then rent out your condo. 

Assuming that's a supplemental policy on top of the landlord/homeowner policy?

Hi we bought a 8 fam property 8-9 month ago in florida  and because of time constraints we closed with a regular mortgage not supplemented by any renovation loan.

I am 55 and  my goal is to find some cash flowing properties to supplement my future  and possible early  retirement.

Even if you were to purchase a rental property under your LLC's name, you can show your personal income to help supplement your approval chances. 

Part of my goals in scaling a bit is to leverage my mom to house hack these rentals as she doesn't own herself (other than we're both on the loan for this place) and ultimately retire her from her day job and supplement her income.  

If you get complaints, would you be willing to install some sort of supplemental heating like electric baseboards or window heating units?