@Chris Ray, in your circumstances, I'm not convinced that a HELOC would allow you to "pay off big chunks" quickly. 

Everyone has a unique combination of skills and circumstances. 

I personally believe the positives of FHA financing far outweigh the perceived liability exposure many caution of and its one of the few circumstances where I wholeheartedly believe investors should prioritize FHA financing over purchasing properties in an LLC. 

Corporate Veil: Courts tend to respect the corporate veil (the legal distinction between the LLC and its owners) more when the LLC is properly formed and operated in the state where the property is located, reducing the risk of personal liability.4.

The IRA is purchasing the property as an investment.Because income to the IRA is tax-sheltered, you must keep it distinctly separate from yourself or close family members. 

In some circumstances the NTQ goes from 5 days to 30 days (things like lapse of time evictions).

I am considering hosting the rental myself and living next door.Could anyone provide guidance on how to proceed under these circumstances?

.); the larger drawbacks of course are lost investment gains in the plan and potentially needing to repay the loan balance in full if circumstances change, among others.

This is alarming; it's the first time I've heard of it.Under what circumstances would anyone be required to pay more than 1-2%?

When a property is purchased in a Sec. 1031 exchange, the tax basis calculations can vary significantly depending on the circumstances.