I hope you have dare i say a qualified real estate attorney. 

Wise folks say a good next step is to introduce myself here, so here I am, and here is a bit about me and my grand plans

I'm referring to an old IRA that holds stock mutual fund (say a Janus Fund). 

Lets say a father co-signed on a note 12 or so years ago with his daughter and son-in-law.  

I would say a good $25,000 per year for me in savings.

If you looked at say a West Hartford Duplex, the rents are high- ammenties are great ( Blue Back Square), commuting is easy to the Hartford area jobs, and school district is excellent.  

My question is when do I look into this line of credit and is it more beneficial than say a HELOC, Hard Money or other methods that others on BP have seen or know people that have used?  

For example, let's say a debtor has a 50 percent interest in a LLC.

If i am renting a portion of my house to a separate party (say a basement) part of the year,  what sort of tax benefits can I expect?  

I care that my tenants are happy, and my ads reflect that, so I then get better tenants to choose from.Shooting from the hip on price, I'd say a $900-1,200 range sounds right unless it has been thoroughly and modernly updated.