A home (whether primary or investment) in my eyes is considered as a savings account once you own it - a store of wealth. 

@Cameron MarmonI had this same situation and my tax accountant filed the change for me ( one time filling) and we now file it on our personal as a disregarded entity.

Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.

However, after accounting for long-term capital gains tax and other expenses, you would be left with $150k which is important to budget and account for.

That’s okay—what’s important is understanding the "why" behind your investment decisions.While your accountant’s suggestion is a great starting point, make sure investing aligns with your own goals and situation—not just because someone else is enthusiastic about a particular strategy.

When you file your taxes at the end of the year the accountant is going to ask you for your receipts or what and how much you want to write off using deductions.

Now you repeat that process until it's paid off.Disadvantages:It took a while for me to set up.Bank account is always low, lol.People can spend a lot with that amount of credit.People think I'm weird when I tell them DId you analyze what would happen if you moved all of that money you were using to pay off a heloc, not get a heloc and put that money in a treasury or other type of account that got you 6% interest or invest in an ETF or something lower risk?

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

I just set up my vrbo account and still some finer details about planning the communication, cleaning service, maintenance persons, etc…

Account holders can't take any write-offs personally for investments made in the 401k.