HELOCs are fine, but keep in mind that you really only want to use 50 percent of less (each) of your available equity just so you aren't creating a problem that you can't solve later if the value of your personal residences fluctuates.If you both have W2 jobs though, have you looked into getting qualified together and just getting a loan, 10 percent down each?

Its purpose is to bring together possible residents with possible landlords, so that these parties can begin a negotiation.

Investment Info:Single-family residence buy & hold investment.

Flips can be significantly different depending on if you meet the IRS requirements for the property to be considered a Primary Residence vs.

Working for DSNY we have residency limitations.

Cross border taxation is very complicated, most developed countries like the US and Canada have sophisticated systems to ensure their residents pay taxes, and you are not likely to be able to achieve your goal of not paying Canadian taxes on Florida income while a Canadian resident. 

Please feel free to reach out so we cam discuss this in detail.

Contact me if you'd like a lender recommendation.On top of the MACU loan, you can buy a STR as a second residence which only requires 10% down as well.  

Should I refinance, I know I cannot do  HELOC because it is not my primary residence. 

Investment Info:Single-family residence buy & hold investment in Rocky River.