Real estate syndication investing is still quite valuable as it can offer higher Returns than investing in public REITs but not as high returns as direct ownership and management of real estate by some experienced people, but with the benefit of being far more passive, than direct ownership/management. 

I am using the tax benefit along with the principal pay down and appreciation to offset.

I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

Half would be business, other half the primary benefit.

I don't see any capital gains on that, just an adjusted tax basis.

It will familiarize you with the basic terminology and benefits.

Despite all your efforts to buy them goodwill, they will give you the middle finger when it benefits them.

It may make sense to save a bit more and invest from a position of power.Keep in mind most helocs are adjustable.

Consider using an FHA loan to secure a 1–4 unit property with just 3.5% down and take advantage of tax benefits by living there for at least two years.

Explore multifamily or out-of-state investments for higher yields.Setting up an LLC provides liability protection but has no tax benefit for you now.This post does not create a CPA-Client relationship.