Toxic waste site on Super Fund List  6.

Alternatively, your sibling might use a 1031 exchange to defer taxes by reinvesting in like-kind properties, though this doesn't directly fund a primary residence.Other ideas include leveraging a HELOC on the rental properties for the down payment, taking out a 401(k) loan, structuring an owner-financed agreement, or a lease-to-own arrangement.

For the most part, they all can be created and funded next year, with a few exceptions.

Almost an impossible way to “get started” as you’re going to need full purchase price in cash on hand or a HML willing to instantly fund you. 

Because of this, most of our clients refinance their properties somewhere between year 2-4, using the funds to buy another property.

I personally leverage, but have a large rainy day fund. 

As apples to an IRA Hope that makes sense .

I got approved for a HELOAN on my primary property but not sure if I should take the loan to just use as “leverage/reserves” to show the HML and get funded.

Aiming to maximize cashflow to fund future investments, but as newly weds rent by the room doesn't feel practical right now. 

For active investments I advocate considering how you can diversify WITHOUT ceding your competitive advantage nor the superior profitability of the niche your in.As an example my business is running an investment fund and syndication high interest commercial mortgage loans secured by income producing real estate.