That's not the purpose of the multiple options.

So while HELOC debt is no longer deductible- if the debt is used for a business purpose it is deductible against that business/ asset. 

For the purposes of getting a higher appraisal, will an HVAC upgrade matter or would you just replace the boiler?

For cash flow purposes it is generally desired to go multifamily (1-4 units) instead of Single Family Residences since Single Family Residences tend to not cash flow in many states.FHA: 3.5% down payment with a 1 year occupancy requirement.

Now there's a purpose to slaving away.

I sold my business and I am interested In buying property for rental purposes. 

@Don KonipolOne of the main purpose of the LLC is to buy it now, before anyone else snatches it up, rent it out, once I'm able to afford it, get it from the LLC.

I love creating new connections with other brokers for referral purposes but I especially like meeting people I can learn from or help them grow further.

@Vinoth Amar If you purchase the property, rent it out, and do not spend more than 14 days in the property during the year, you will be able to treat it as a normal rental property for tax purposes. 

@John Montgomery to what purpose, you already have the partners that are the other heirs?