I’m planning to relist the house around April when the market typically picks up.

So adding this to my prospecting plan may provide reach to do deals that I may not have had before simply circling the usual watering holes.

If you plan to invest in a syndication as a limited partner (LP), ensure the structure allows for direct ownership in real estate (e.g., through a Tenant-in-Common (TIC) agreement), as partnership interests are specifically excluded from 1031 exchanges under IRC 1031(a)(2)(D).

Provided I can establish a solid investment plan tailored to their financial needs/comforts such as debt ratios and income, they would be more than happy to offer me some financial control.Additionally, If I wanted to, for the sake of building my own personal wealth, I admittedly have the luxury of taking a loan from my parents.

The best advice I can give is this: if you weren’t planning on RE would you go to college?

We are also planning to start spending winters in warmer climates... 

The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.What I didn't realize is how difficult it is to find a business heloc.  

Cash Flow Management: If you take out additional debt, it's crucial to have a plan for managing your cash flow. 4.

So don't let someone discourage you because their investing criteria is different than yours.As far as financing goes, there are options for financing if you have a plan for the property.  

They plan on staying in the property of a year and when they are ready to move they will have a cash flowing property to help.