Do this alongside a savvy tax and legal professional ideally. 

@Rick Martin when you say "....I could take my gain and invest it into a real estate syndication" do you mean invest alongside the syndication in a TIC structure or are you referring to a DST?

To take that a degree further, a 100% transient RV park in the middle of nowhere alongside a major freeway will likely always be a 100% transient RV park, where that same park in a good location in a strong MSA could be transitioned over time to a PM park where tenants call that a home.

Since this is a fixed rate, most landlords can align their rental rate alongside this with confidence.Again, this a big generalization of these markets as Fayetteville, NC is it's own Tertiary market at this point and appreciation is steady.

One common solution investors use to solve that problem is investing alongside an experienced partner who does have local knowledge and can help guide them through the process.The right team should include at least one of each:A qualified real estate agent - someone who knows the property market inside out and has connections with brokers, lenders and similar entities.

The number one factor of what you buy is how much capital you have access to...that means its a combination of purchase price, location, condition, and availability of inventory...I would add these as metrics alongside the cash flow.

If you read some of the reviews of these buildings, lots of people get fed up with the noise and ruckus that STRs create, especially when the units are alongside permanent residents.

Timing is my main reasoning as I've kept my 9-5 alongside wholesales/flips.

If we do go down the HELOC route, I think I would want to around paying down the principal alongside the interest only payments.

I have no problem if they want to "tag along" and have us represent them alongside us in a case that we are paying for anyway.