We hit the sweet spot by spreading our costs over a larger floorplan and providing something that the market demands.

Anyone recommend any heloc providers that work in west palm beach area?

Looking to find a bank, locally....that also does portfolio loans.

Aside from what you'll find here on BiggerPockets, you can probably some good creative financing nuggets on the websites below.Single-Family: https://masterpassiveincome.com/Multifamily: https://pauldavidthompson.com/

What benefit does this provide them?

Nice, I would almost always recommend either SFH and renting out rooms or finding a duplex that you can house hack using FHA 3-5% down.

An architect or structural engineer needs to provide you with load-bearing plans for permit with the city or confirm the wall is NOT load-bearing. ($1300 for plans if only a wall--I pay $3500 for a site visit by them and close to full gut of kitchen/baths/door moves/wall removals)  Do not skip the permit!!!!  

Instead of worrying about taxes at this early stage, it may be more productive focusing on finding the right deal, the right funding and the right contractors.

We'd still have to find real estate connections though.

Hi everyone, I'm looking for any legal references that can help me answer the following questions and provide guidance as to whether this approach is sound or needs adjustments: -What is the entity structure for managing assets and activities of a short/mid-term rental business?