What if the in-laws have Heloc'd away their equity for those frequent Vegas trips. 

We have the casinos with all sorts to offer.

Interest on loans for personal use (new car, fixing the roof on your home, new home, gambling in Vegas) cannot be deducted.

O the Billionaire Recluse of Las Vegas! 

No difference from gambling in the "Wall Street Casino".By me, appreciation is o.k., but cash flow (income) is what I need to carry me into my retirement years (I'm 60).May I get your thoughts on those statements?

@ Rich,Las Vegas Market has tanked as well.

excluding land and soft costs, Vegas is $75 PSF.

Meaning, she could be blowing your equity at the local Indian casino without you knowing it.I have a sub2 HELOC on a rental, but the former owner is dead so I'm not too concerned about anyone writing any checks against it.

I googled Seed Capital, and this is what I found (#2)https://www.biggerpockets.com/forums/61/topics/167058-seed-capital-llc then there's https://www.bbb.org/us/nv/las-vegas/profile/business-consultant/seed-consulting-llc-1086-81433/complaintsRe Paul McGraw:  https://www.biggerpockets.com/forums/12/topics/811930-information-on-paul-mcgrawI say stop what you're doing and find someone local. 

I am working with different investment groups and they are looking for 4-5 star hotels in destination (Miami, New York, LA, Vegas )areas but their specific request is that they are OFF market.