You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Lol, every single time I've decided to do the painting myself........about halfway through I am regretting it big time......my body hurts, it's mind-numbingly boring (I think that's why painters have the drinking/druggie reputation... :-)

This is a practice by some less than reputable companies.

It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).

If you refi a property in an MMLLC and then distribute the loan funds, there is likely no tax consequence.

Especially if they put in $35K, or what amounts to most of the then total of their liquid wealth.On the other hand, we saw experienced investors with really strong reputations scale from a few million to a hundred million, or, in some cases, literally billions of dollars, in AUM at the worst possible time between 2019 and 2021. 

NEVER borrow from a 401K, you are taking pre-taxed dollars and paying it back with after tax dollars, you do not get to return the loan with pre taxed dollars, in addition, some 401K plans do charge interest and maybe even fees, and lastly if you get laid off for some reason, it is a distribution with all the "fun consequences: tax at the last dollar rate, and if you are under 59.5 there is also the additional 10% penalty.Personally I like the HELOC, however you can also sell stocks and do tax harvesting there to offset gains if that is an option

I am still living in the past, where your word is your reputation and your reputation is your character. 

I do not recommend this level of tax fraud as the consequences can be serious.good luck

They'll probably also want to be sure that you are competent to operate the property afterward, because their reputation is tied up in who they do business with, and it's bad for everyone if the property becomes devalued.