I made him an offer based on the title showing the property as a 2-bedroom home.

So, I get it, why many here don't see the value, it is probably based on personal experience.

We are based in Oregon, but I’d be open to investment from anywhere. 

For more serious projects, we do an engineering-based cost seg with Cost Segregation Services. 

You can check that at www.ASCSP.org and make sure you filter to search for the CCSP designation.https://www.kbkg.com/residential-costsegregatorGreat info to share here! 

A heloc add another trade line to your credit and can cause issues with fico scores dropping or DTI going up causing issues with credit limits or other risk based issues.Regarding the $4K in closing costs that is pretty much the standard for a loan amount of $100 to $150K.

@Nadja Leblanc I am based out of the USA (Arizona) with Engel & Völkers. 

Is the bonus depreciation calculated based on tax assessed value or PP?

You can check that at www.ASCSP.org and make sure you filter to search for the CCSP designation.https://www.kbkg.com/residential-costsegregator Great info to share here!

This would of course be based on the LLC being formed through the state for real estate transactions.