I will address the absolute that he did throw out as they are simply incorrect.

Hey guys, my family has done a couple rentals in the Birmingham area and want to know what are the good areas that have worked for yall! 

Even if I were found guilty, the cost would be in the thousands, not in the millions.

Hi BiggerPocket community,This.is Michael, currently a partner of Coldwell Banker UAE.Just want to introduce myself to this community and proactively will be sharing more about investments in the real estate market here in Dubai.

The IRS won’t allow this as a legitimate deduction.No Tax Benefit from Self-RentEven if you set it up through an S-Corp (which is more complicated), the rent payments you make would be taxable income to the S-Corp.

I have a residential unit that might come up soon.

That said, weigh the cost of renovations against the potential increase in appraisal.

Thanks for the information.

The first one that comes to mind is do you plan to keep working while building your real estate empire?  

Don't take out a HELOC Jason, it's not worth the time it takes for the amount of money you need.