If you can get some cash out from the HELOC, you can then leverage that against hard money or other types of financing.

What made you interested in investing in this type of deal?

With that type of experience, I might target a fix/flip or HML that has experience triggers keeping your costs low and maybe even something like deferred interest payments or bundled fees.

What property types are best?

Several factors impact ADR, including location, seasonality, supply and demand, property type and size, and local events.

This platform is just for these types of conversations and I appreciate it being an free available resource. 

@Brandon Beaudoin@Josh St LaurentIt doesn't look to me like Josh did any more than type a question into Chat GPT and paste the result here.

However, I have two types of clients that relate to this scenario: 1) The client who is over protective, and puts each one of their rental properties into its own LLC/Trust and 2) The client is who focused on simplicity, and puts all rental properties under the same umbrella.Neither one is right or wrong, it just depends on what is important to you.

Get a good CPA who's knowledgeable about your type of business.

More specifically, my questions would be:What type of account(s) do I put the money I save for maintenance, vacancy, capital expenditures, etc. into?