@Elliot Angus  I'm not clear what the opportunity is, are you looking to purchase this property? 

Quote from @Jonathan Greene: Think of it this way.

We have dealt with this before and it can be a nightmare.

Is this deal worth it?

I know from experience financing additional tiny homes (not sure if you're looking to do this) can be difficult without having someone that has previous ground-up construction experience.

Discuss this with your competent tax professional. 

But this is so fun that I don't know if I can stop myself at 5.

Hello James,Were you able to get this started?

Thanks for the heada up on this issue. 

New to the BP forum and joined out of curiosity for a hypothetical scenario.I know everyone's situation is different, and everyone has different needs and priorities within Real Estate.So I was curious on one of the many situations one might find themselves in.In this scenario I wanted to ask if a HELOC on either your primary or an existing rental property out of 4 total properties would be a viable strategy for acquiring practically " turn-key " Multi-Family rentals?