Line of Credits (like HELOCS) allows access to a set amount of money up to a pre-determined limit and it is revolving.

The amount depends on negotiations between you and the property owner. 

I do have some investment experience and I'm currently managing 1 property, all the numbers are great and there's a good amount of cash flow and long term growth so I'm not a total green horn. 

Qualifying for REPS does not automatically mean you can offset income, you need to have material participation, at least a 5% ownership stake and an amount at risk. 

@Steven Catudalthe 'no cash flow on a BRRRR' is typically just because you are boosting the ARV and then taking out the maximum amount you can on the refinance, often using a DSCR loan with a higher rate. 

I always a little under my target amount ( a month interest and half the cost of the attorney) so they can negotiate. 

If the bonus depreciation amounts go up in the future again, can we capture the other 60% if we still meet the threshold?

You would need car and renters insurance with a minimum amount of liability coverage in order to qualify.4.

The amount of pre 1978 houses in NJ is enormous.

Here is their description and note site Their terms state: "With whole note investments, the investor transfers the complete loan amount and is the sole owner of the 1st position on the loan.