I am wondering if the 2nd position notes in PPR fund are covered by Equity or not?

So, the contractor can't just "put a lien" on the property.

Can you shed more light on why you need this money?

Everything is on my schedule every day in a block of time (including shower).

Here's an article with additional FAQs on cost segregation studies that you may find helpful and should answer some of your questions above. 

I am happy to share some info on these sub markets if you like. 

If you insist on staying in Chicago, follow the Orange and Green lines. 

They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!

BTW would love to network with you on Dallas CRE Multifamily inventory if you have access to value add 

My question is this, can I deduct my passive losses that occurred in 2017 on my 2017 taxes or does it get rolled over to 2018 because my income is too high?