Gives you more options.- at year 7 if value appreciated a lot, can i do a HELOC on it and use that HELOC to pay off the balloon - probably not due to lien being secondary etc on helocYes on the HELOC, but it would probably be easier just to refi and pay off the seller, and cash out more money too.Hope that helps and good luck!

The idea of acquiring a new property every few years to build a strong portfolio is something we’re seriously considering.I appreciate the insight, and it’s great to hear from someone with experience.

Maybe selling is the best option stop the bleeding and do something that is more risk adverse. 

Anyone have experience using Turbo Tax Premier to do their taxes having investment property(ies)

If you think doing business with us is "too good to be true", then please do additional research.

What do you think? 

It is by default intermixing. 

So if you provide a good letter of explanation, then you could do more than the 10% as long as it falls within the 50% of the gift funds. 

The short answer is yes, but it's much harder.

So you'll be putting out quite a bit of money to do that, and when you sell, you'll most likely have to convert it back.