I am interested in utilizing space again for group meetings, workshops, and for clients who may still desire private space.  

To qualify, you must meet material participation rules (100+ hours and more than anyone else) so that rental losses can offset active income.

Now if it was me, I would have gone over myself to initially survey the problem and at the least meet the plumber over there to assess the damage.  

However, you could look into a “construction exchange” where the funds are used to improve a new property acquired through the exchange, but it must meet specific IRS rules within the time frame. 

I would recommend reaching out to the brokerages and see if you can do a presentation at their team meeting.

Tomorrow, I am meeting my realtor for a tour of my first multifamily house hack.

Another pro for a HELOC is not having to meet a HML's requirements for a loan (insurance, draw schedules etc....)

These gatherings are a great way to meet wholesalers, flippers, and other investors willing to share their knowledge.Offer to add value.

Go meet with your broker, explain what you want to do, ask your broker for direction on what you can do, how to do it etc..

- Anthony Get connected with the CTREIA community, as well as other local meet up hosts @Brandon Rush, @Stephanie Cabral, and a great PM to know in state is @Samuel Eddinger