See below:"...the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence)."

Played almost every role in the transaction - Real estate agent, investor / principal, and property manager.

"Any period after the last day home was used as the principal residence by an individual until the date of sale.

@Aaron GomezRegarding taking a 401k loan here are some considerations: You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had an outstanding loan in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).

Instead I would look at cap rate.Just curious, is the 250/mo payment youre calculating on your heloc interest only or paying back the principal and interest? 

The re-fi puts me on track for paying almost the same amount every month but more going toward principal. 

I don’t see the sense of one of the partners almost completely expending his personal HELOC while all 3 of the partners are on the hook to make his payments of principal and interest while operating on the assumption that the house could appraise much higher in a short period of time by doing what may amount to putting lipstick on a pig.

The loan would be payable in monthly/quarterly payments of principal and interest over a 5 year perion.

This is where I invest so its a good for me resource.Grant Cardone: Good for theory and for getting idea on rules or principals to follow, but unless you have a large amount of cash its hard for a "small" investor to attempt his style of investingPhil Pustejovsky: The material and information is good but the "partner/mentor" program seems a bit expensiveBooks:Tony Robins: Master the Game Dave Ramsey: The Total Money Makeover: A Proven Plan for Financial FitnessMary Hunt: 7 Money Rules for Life: How to Take Control of Your Financial FutureRobert Kiyosaki: Rich Dad Poor DadThomas Stanley: The Millionaire Next Door: The Surprising Secrets of America's WealthT.

Would it be wise to heavily pay down the principal while renting?