Quote from @Travis Rogers: I own residential and commercial RE in Belton.

There are a few I like.One is Roger's Thursday night meetup in North Dallas called NTAREI. 

We are newbies, and don't want to miss out on a great investment and tax savings opportunity, but obviously want to do everything correctly in the eyes of Uncle Sam.

Seen the same by me in Rogers Park 2 units going into 6-800s but 4 units still cashflow and have not appreciated as much.

Are you able to use it easily, only with a HELOC.If you lose your tax deductions, then Uncle Sam is happy to take more of your money each year.Good Investing...

Aunt/Uncle have a property maintenance company in Brainerd that partners with my PM, Cousin works for the local commercial bank, things like that... 

Jeff, since my apartment building is now under “new management,” when will you return the July rent you collected from me and my elderly, autistic uncle?

I think I'm in a pretty unique situation and am trying to figure out the right hoops to jump through to move forward.Long story short, I'm trying to tap into the equity of the rental property passed down from my grandparents that is held in an S-corp which is co-owned by myself, my siblings, our cousins, and an idiot uncle.

Quote from @Roger Simons: Quote from @Jay Hinrichs: Quote from @V.G Jason: You don't need a coach; you need to do the research yourself. 

There will be depreciation recapture when you sell but it's like you are borrowing interest free from Uncle Sam.