Wouldn't it be beneficial to pay for an hour of your cpa s time so they can guide you on how to categorize these things?

Remember with a heloc, you only pay interest when and if you've withdrawn the money and once you pay it off you can use it again.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $21,000

Cash invested: $25,000

Sale price: $55,500

Contributors:
Peter Vekselman

Partner Driven...

If you just need to pay them back the 20% they are owed, then you pay him out of the proceeds of the cash out and net the remainder.

Pay them to leave. 

If you are living in one unit, will you be paying less than you currently are renting? 

Maximize cashflow via STR (hoping to get 7-8% net)Second question, with these goals which would be the most attractive area for such an investment: Miami Beach, Miami Downtown, Brickell, Midtown.Thinking of getting 2 condos (1 bd or 1bd + den) ~$750-1M eachPayment structured are usually 30-40% until project is completeThank you find undervalued land and entitle it and capture the delta of underpriced land. there's a lot of sites that are underentitled.

Often lists for your area are free, or if you pay for a subscription from a local provider it probably will have more helpful detail you will want.Have fun, but leave your credit cards and checkbooks at home so you won't be tempted. 

They aren't licensed or insured.At least a PM is typically licensed and insured.From what I've heard Joshua Tree is very saturated so it sounds like your doing good to break even.Since you seem to be doing everything right and going beyond what many are doing, adding someone else to manage the property will just lower your Net profits from having to pay them.

My lease states that if a tenant breaks the lease and moves out early, they must pay a penalty equal to two months' rent.