And what's an alternative way similar to Jerry's program?

The strategy involves using the HELOC for a flip to generate fast cash, reinvesting profits into long-term rentals, or exploring alternative ventures like short-term rentals or partnerships.

That made me loose faith in any alternative education programs.

Alternatively, consider a cash-out refinance to access equity without triggering capital gains or explore a 1031 exchange to defer taxes by purchasing another investment property.This post does not create a CPA-Client relationship.

Alternatively, transferring the property to a revocable trust provides income for your parents, avoids probate, and keeps you as a beneficiary, but it doesn’t allow for a 1031 exchange and could trigger gift tax.Focus on aligning the structure with your goals, whether for immediate reinvestment or estate planning, and ensure compliance with Connecticut laws.This post does not create a CPA-Client relationship.

<<I could alternatively leave it as an "open" loft, no powder room -so 1 bedroom/1bathroom + loft..... 

If traditional banks aren't providing favorable terms, consider alternative lenders like HML or PML.  

We walked a house one time that had alternating piles of dog, cat and human feces all over the floors.

For HELOCs without W2 income, look into local credit unions or community banks, as they often have more flexibility with alternative income verification and rental portfolios.

I wanted to reach out and ask what other alternatives to Stessa are out there.