I've been looking at off market properties in Austin TX and the surrounding areas and have seen that due to the high demand so to speak in this area the prices for a BRRRR property would mostly be around $300K or more, with the exception that I've seen a few properties in the low $200Ks.

Does it use the rental income before or after mortgage payment?

In general I'm saving for repairs to the property, but we all know that this covers a wide spectrum.

Just ensure you keep track of when the property use changes.

Does this sound right?

Then if they need to redeem, they use that money to do so to avoid selling assets.

One of my friends has his securities 7 license and does lots of raises for DST's and other various sources of capital needs  (inventions, business start ups, etc.) 

Any time you use a HELOC, you only want to use 50 percent of the available equity or less so if you can do that over time carefully, it will work.

@Jose BotelloTax deductions for renovations in personal residences are not deductible for current use, except for home office use.

So if this means that a person without license can PRIVATELY market an equitable interest?