Hey BPers,I'm in need of some solid advice/guidance in my situation.I currently have a SFR primary residence in which I rent out two of the rooms.

I wasn't able to purchase a multi-family property, but I did a house hack through college in a traditional house.

My primary focus is wholesaling & acquiring rental properties.

This is very certainly the case to buy as a rental; however, when transitioning from a primary residence to a rental it can sometimes change.That being said, I completely agree that you need to sell this property.

Are you asking about getting a HELOC on your primary residence to use to buy a rental property?

I know of the traditional routes of going through a bank but I don't believe that is the best option, so I know there are private and hard money lenders but how do I go about finding them and presenting potential deals?

We're looking at traditional 20% down and mortgage for 80%.

Will be primary place of residence (house hack) for 12-16 months.Any suggestions and/or feedback much appreciated.Thanks in advance.

If it's tenant occupied, there's the chance you could have an uncooperative tenant that might make it difficult, but that could happen even with a traditional (non short sale) purchase. 

My question is can you deduct the full interest rate charged on a cashout loan on my paid off residencebut money used to purchase a rental property. I'm in Round Rock Texas. Is there a limit to how much interest you c...