Hey BP, I recently started a discussion called "Looking for feedback on my next move", and have since been giving more thought to obtaining a HELOC or Home Equity Loan as my "no or low money strategy".Here is the scenario: I had my realtor run an analysis of some local comps, and she believes my primary would appraise at $272K, and my loan balance is about $226K, so equity = 272-226 = $46K (approximately).

I don’t have 20% to put down, so I can’t obtain a traditional or investment loan.

Second, if you are tearing the houses down, then the 24 unit condo approval the developer obtained is a "condo approval" not a "condo conversion".

You have a few options, 1) be patient 2) Give in and join them and pay up or 3) Find other asset classes to invest in.I am not patient and am too scared to pay the prices they are trading for these days so I have gone to number 3 for my personal active investments.

Could the seller put the assets into an LLC and then allow the buyer to purchase the LLC over an X year period work? 

Yes, you can expense the equipment under sec 179, but remember that you need to have taxable income (Not just cashflow but the income ) to take this deduction.And you are right, you have to recapture the sec179 depreciation not just when you sell it but also if the use of the asset goes below the 50% business use.

Another thing I'm observing is that people have been resistant to pricing down and getting an under performing asset off their books.

The contract states "This contract is subject to Buyer obtaining Buyer Approval.

I've read that if you have a good deal then you should be able to obtain a buyer with no problem. 

I have been able to obtain a HELOC with Sandy Spring bank, but then learned that I can't use it like a checking accounts.