Would it be wise to use a HELOC on our current residence to use for a down payment on a new property You can make $ investing anywhere.

Quote from @Gregory Wilson:As for the second, there are only about 20 monetary numbers to be entered in Turbo Tax on a single unit rental property 1065 so it always seems to me that the $3500 would be better spent elsewhere.

Had received an email from this group and spoke with them on the phone yesterday. 

MAREI's still here, we meet at the Double Tree on the 2nd Tuesday of the month from 6 to 9 and we have a meeting after the meeting.1st Meeting is FREE.We have generally 100 in attendance.Come out and check it out, join our community - we did have several from St Joe at the meeting last month. 

But assume you found a property they would allow you to do it on. 

Using mortgage debt at 6-7% on a refinance to pay off higher rate debt such as a credit card at 15-25% is a savings!

Building on existing land helps eliminate the issue of land scarcity, which is a significant challenge due to California’s high real estate prices.

After consulting with our contact at Airbnb, we were told they were ranking on page 13!!!

Yes, refinance the property, based on it's new value, the increased rents.

(Even went beyond the second page of Google.)I have an investor who wants to partner on a deal by providing a loan for the down payment.