Most lenders I spoke with said HELOCS are not an option since there is still a lien on the property.  

Proc. was originally drafted for syndicated TICs sold as securities, some states also using it as a standard for "private" TICs like we are discussing here. 

Investment Info:
Other commercial investment investment.

Purchase price: $1,000,000

Cash invested: $200,000

Tiffany Vineyards20 Acres of Vineyards & Event Venue Space

Options:1) Connect the tenant with a lender and see if they qualify.

In turn, the lender willhave "no recourse" against the individual, the IRA funds, or the IRA's other assets.

It depends on the type of lender and their risk appetite.

Over the span of 5 years you will have paid $77,220 towards rent.However, you’re $22,500 downpayment invested into the S&P index fund at our assumed rate of 10.13% compounded annually will be worth $36,236.48Leaving you a net living cost of $36,236.48 – $77,200 = ($40,963.52)Overall numbers after 5 years of house hacking:Expenses include: Principal, Interest, Taxes, Insurance, Repairs/Maintenance, and Private Mortgage Insurance.You will have paid $164,239.76 towards your principal and interestYou will have paid an estimated $20,914 in property taxes and insuranceYou will have paid $5,400 in private mortgage insuranceYou will have paid an estimated $10,859 towards repairs and maintenanceFor a total expense of: $164,239.76 + $20,914 + $5,400 + $10,859 = $201,412.76However, here are the positives to your net worth: Appreciation, Loan Paydown, Rent payments from TenantsYou’re home will have appreciated to an estimated value of 560,7812 an increase of $110,782You will have paid down your loan by $26,742Your tenants will have paid $154,439 in total rentThe total benefits add up to: $110,781.87 + $26,742 + $154,439 = $291,962.87House Hacking net worth boosters minus expenses = $291,962.87 – $201,412.76 = $90,550.11(The home equity for year five is calculated using the downpayment + appreciation + loan paydown)House Hacking Vs RentingHouse Hacking net worth after 5 years: $90,550.11Renting net worth after 5 years: ($40,963.52)Leaving you a net worth benefit of $90,550.11 – ($40,963.52) = $131,513.63Here is a screenshot from our calculator on the difference in monthly payments between Renting vs House HackingThe winner is clear.

FHA loans will have mortgage insurance no matter which lender you go to, it's a feature of an FHA loan.

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere. 

Anyway, its the first time I have been involved as a defendant and lender in a dispute between the borrower and a neighbor.