I work on television with a union on a long running series that consistently earns me gross 150-190K per yr (union overtime etc affects the annual drift).

“Some of the earlier tax proposals floated would have devastated the real estate sector, which makes up nearly one-fifth of the entire economy,” McGahn says.

You want to know they can FLOAT the business in tough times with a personal guarantee.

And since HELOCs are generally floating rate, the cost to borrow would go up as interest rates rise.Also, the SALT limitation has nothing to do with deducting interest expense.

So that would require $60K plus CC and not leave much left over and not only that but your floating alot of new open end credit lines and mortgages so your DTI may be at risk. 

"The only ship that doesn't float is a partnership" - make sure everything is in writing, you set expectations, and you've got the five D's covered: death, disability, disinterest/dishonesty, drugs, and divorce

But with our spot being fully updated all new appliances/floors/paint/fixtures/etc, really just lacking larger square footage, we went with trying to get $700/room with the understanding we may possibly need to float our rent down.

HELOC will give you the line of credit, which is good because you won't pay interest on it until you draw it to buy a property, but when it is outstanding it is floating rate and interest only, until it matures.  

If you're interested, I made a comparison chart of floating LVP products when I was shopping last year with a major focus on durability (also share some challenges with replacing carpet with LVP over wooden subfloor): https://www.biggerpockets.com/...There are lots of great LVP options out there though so I definitely don't think it's necessary to go down the rabbit hole like I did…

And yes, floating solid core vinyl planks right over the existing sheet vinyl is a great solution.