@Dori Arazi Yes a HELOC is essentially like a credit card and you only pay on the money you are actually using.

Currently appraised at $1.75M in the Boston market and the $500K of gain under section 121 and the $35k purchase price would still leave a taxable gain of roughly $1.2M.So essentially, doing a cost seg doesn't make sense?

That's essentially what you're going to do with online crowd funding.

I think one benefit is learning and feeling like I am contributing to others here, and the second is gaining visibility.

The tax benefits would be immensely better from being leveraged.

Bigger Pockets Family, I have a house hack that is just short of breaking even and want to know how you would essentially BRRR a property I you already own in order to make the numbers work.

My realtor would not get to list this house but likely would benefit from a future project when we find the next flip. - I am trying to get two flips under my belt so that I can get 100% rehab loan in the future.

Starting early may allow you to get some re-design included to your benefit, but even if not there is still time for the court to sort things out while work proceeds so it doesn't need to be a scramble on your end.

In that case the depreciation would be a wash unless your marginal tax rate is over 25% and then you'd actually get more tax benefit from the depreciation adjustment than what you lose on recapture since it's capped at 25%. 

And now your VA will be tied up so you won't be able to use your benefit for you or your family.Bottom line, find another way.