I call this my "self-funding" model.I have talked to a few larger banks (who love my income, debt ratio, cash flow and FICO score) BUT will only do a HELOC on a primary residence or a 2nd home. 

@Nav S.You're allowed a cap gains exemption on a primary residence as long as you lived in it 2 of the previous 5 years.

@Jim Brandt , Unfortunately, a house that is in your name and used for personal purposes for more than 14 days during the year, or more than 10% of the number of rental days if greater, is considered to be a residence (not a primary residence).You are deemed to have used a property for personal purposes when it is used by: Anyone who rents the property for a price that is less than fair rental value.So the house will not qualify for rental property or investment property. 

If he creates an Airbnb (or VRBO, or whichever platform they end up using) profile, you could require him to hand it over to you when the lease ends. 

Not sure for how long (hence primary residence loan with 20% down).Here are my questions:1.

Short Story: Refinanced 5 single family units into a 24 unit complex.Back Story: Purchased my primary house(105K) thru auction with a very friendly but very real loan thru my parents(70K), I was originally looking at 30k houses and this one didn't sell at auction and kind of fell into my lap.

We are primary focused on:1.

I am so happy I found this platform thank you for the opportunity to join your community!

Information needed to know:Property #1- 3bd/2ba - 1,376 sq/ft- Priced around $370,000Property #2- 4 bd/2.5ba- 1,512 sq/ft- Purchased for $340,000My parents were originally living in property #1 but property #2 is now my parents primary home.

Hi all:My understanding is that the mortgage interest on HELOCs on your primary residence is no longer deductible under the new tax law.