. :)Hi Michael,I've spent a countless hours researching this (including reading all your cost seg related posts) as I'm in the exact similar situation and have talked to 2 CPAs and gotten contradictory feedback.

I am embarking on a journey into the real of residential real estate investment to seek financial independence, generational wealth, and the freedom to do as I please.

HELOC on an investment property is good, Depending on your situation.

I plan on still acting as the tenant for now; could a DSCR loan work in this situation, or does anyone have any recommendations.

Despite the property's substantial equity, the rising costs have put me in a challenging financial situation, as my monthly expenses now exceed the rental income.

Hey There
We've ended up in a tricky spot and I'm trying to figure a way out of it.
Bought a property to STR in georgia. 6 months later it burnt down.
We got the insurance money and decided to build a second place ...

I'd find a local title company that can support such a transaction, and/or an attorney, and talk to themI would strongly recommend not downloading random documents off the InternetAlso you should be in a place financially where you are able to do this and not put the property at riskGood luck

Using a HELOC for a down payment on your first investment property can indeed increase leverage, potentially impacting your financial stability.

It's weird how anyone would give a negative reaction because this is a case study situation.

To learn more about financing choices tailored to your unique circumstances, think about having a conversation with a financial counsellor or mortgage specialist.Remember, real estate investing is a journey, and it's okay to start small and grow over time.