The wife and I are looking at this property tonight, not as a rental, but as a potential new primary residence for us and our children:https://www.zillow.com/homedetails/12161-E-French-...It's not perfect for our family style, but it does have a nice amount of space. 

It will be ready to put on the market in a couple of weeks.But back to what was my primary residence (House #1).

The single family home was purchased at close to retail value and would say ARV is around $300k-$325k with $10k-$15k invested into the rehabWould a HELOC be a smart option for me to use from my primary residence?

I guess I should be excited, because I've gotten to a place where I have 4 properties all with pretty good equity (one is my primary residence). 

Used to be you could owner finance jusy about anything and any time but Dodd-Frank changed all that so that now you are pretty much ok if you owner finance another investor because investors are more deemed to understand fully what they are getting themselves into and some layman only looking for a primary residence could very well be taken advantage of through userous fees and interest charges.

@Benjamin Black  You have higher interest rate for primary home so cash out will help in your  loan scenario. 75% LTV is max  cash out in conventional loan for 1 unit.

I’m reaching out regarding my primary residence.

Goal: Because I would sell it to the LLC, and use the money to pay the 10% remaining balance and use the rest for my next primary residence.

Real estate is not my primary source of income and I do not do any of the work myself.

I just want to try out STR at some point because that will be my primary weapon of choice to get a place in Maui paid off by vacationers, and would rather have some experience doing it first.