Thank you Eric, we have some great networking & masterminding events coming up!

Every time I am out there now I am picking up poop.

I could hire my real estate attorney but he'll charge me hourly to set it up and I'm not confident this previous will pay anything.

The tax law changes every year, can you really keep up with it?

The tenant made the point to say it will be a difficult task to find new housing in 4 weeks and brought up the idea that the courts would likely let them stay longer.

@Jenna Bamlet I ended up in court to dissolve a partnership gone bad.

If you are just doing a lower leverage (compared to a full 75% cash out) then it will save you on the rate as well.Happy to connect and talk through some options, but it would certainly be feasible to Quit Claim your property into your LLC and do the HELOC from there, but it is up to you.Good luck!

I would like the system set up where the tenant pays for the utilities.

I was already considering putting up a wood or vinyl fence to create a decent outdoor space for my tenant but that will only block the sight in the back. 

The reason this matters is that your "active losses" can only offset active income.