When a taxpayer's residence qualifies as the principal place of business under IRC Sec. 280A(c)(1)(A), he can deduct all daily transportation costs incurred in going between his residence and other work locations in the same trade or business (Curphey; Rev.

That is not an assignment because you will still be a principal, you are just becoming a Trustee not a individual.

This doesn't even include cash flow or principal paydown.The clients that I have who are investing like this are doubling their initial cash investments every 4-6 years.

This is DIRECTLY from the FHA selling guide:If Rental Income is being derived from the Property being vacated by the Borrower, the Borrower must be relocating to an area more than 100 miles from the Borrower’s current Principal Residence.

If you don't need them right away, you don't withdraw and so you don't pay interest.Second, yes, you'll be paying more in principal and interest on your primary duplex if you get a HELOC and use it. 

The members/principals of the entity would serve as guarantors and their personal account statements would be used to verify things like reserves/source of  downpayment and they would have their credit reports pulled. 

Added 2 successive principal residences as I moved along.

I have taken private loans from friends where I pay them interest only and anytime they need the principal portion back they need to give 6 months notice (just incase its tied up in a property at any given moment) and they get it back.   

@Robert Sims, the redeeming taxpayer pays the principal amount of taxes due at time of auction, plus all taxes since that date, plus the legal rate of interest on each principal amount.The fact that an intervening purchaser paid a price higher than redemption value to buy the certificate is irrelevant to the redemption amount.The intervening purchase just made a bad investment decision.

We were able to pay all the expenses related to the property (mortgage(interest+++principal), cable, electricity, taxes, insurance)Breakeven + 800$ cashflow (principal paid portion) What made you interested in investing in this type of deal?