Picture this: Two charming 6-family units beckoning with promise, ready to be transformed into lucrative investments.

If I use my HELOC fund to buy a property, which of the following two options should I go with from tax or business accounting perspective?

For example, does your income support carrying two mortgages OR will you need the rental income from property #1 to offset the total debt you're carrying per month.

Better cash flowing choices may not be preferred living for a year or two and a higher quality building might be to expensive, and you are now covering part of your mortgage.

I'll probably be here for another year or two, but I'll keep the property when I do find my next step, and aim for Mid Term rental, to get the higher income. 

Two factors that stood out to us was a beautiful willow tree outback and an open concept living area.

I want to share my story and make it aware to others but also looking for opinions and thoughts. i purchased two properties in broward county florida from the foreclosure website auction.

Have all the applicants or potential applicants check out the property between a hour or two timeframe.

Two high level quotes come to mind "Let your winners ride" and "a great value asset at a fair price is much better than a fair value asset at a great price".

The house is currently gutted, and while I would like to occupy one bedroom and rent the other two (3bd/3.5ba) as a "househack", I am willing to consider selling and foregoing this as a primary residence as I know many private lenders will not consider any form of owner occupancy.