Hi @Christopher Morris House Hacking is NJ is great way to go. 

Is your $$$/mo CF a true CF, or is that your net right now without any maintenance coming up?

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

The money needs are not great and the cost of bringing in investors etc may exceed what is justified for such a small deal. 

In many markets section 8 is higher than market rate. and investors need that extra return to mitigate the risk of sec 8 tenants generally speaking.

You don't know for sure exactly what their occupancy rates are but you can certainly get a feel for it by seeing what future dates are open.

What is the interest rate on the HELOC?

You can also use BiggerPockets resources to find investor-friendly lenders.## Strategies: Flipping, BRRRR, House Hacking- **Flipping:** Focus on properties that need renovation but have good potential for resale.

Not really a tax question as the membership % decides who does, gets and deducts what. 

Is your new house going to be a househack?