Apparently legislators are work-shopping a bill to close this loophole, but who knows on the timeline.https://realestate.cleveland.com/realestate-news/2018/08/big_big_money_legal_loopholes.html#incart_river_index

Just make sure your HELOC can offer you checks and or a debit/credit card to pay bills with.If you need more info, I'll help as much as I possibly can.Happy Investing...

I love helping people find their value and their potential.Honestly, my business pays the bills and it is my full-time job but I want to get into Real Estate Investing to build some passive income and not have to worry so much about slow seasons, or working until I'm 60.My business is doing pretty well for doing primarily painting.

The real thing you'll want to think about with typical helocs is their staying power.

The power of a ranking website is priceless.. well.. in this case it is $80K in a few weeks...But who is counting..ARV $315KBuying price $190KCost Of Repairs $15K - $20KProfit: $80K +While holding the property it was nightmare after nightmare.

I would be careful trying to bill back water on a small multifamily property as well.

This means you can make basic administrative actions such as selecting vendors and paying the bills on behalf of the IRA, but may not personally benefit such as by paying yourself for management. 

Rent each room out 1200+/month all bills paid.

@Bill Brandt Thanks for the recommendation.

Generally, if there isn't a separate meter, landlord can't make tenant pay utilities as there is no way to truly decider what portion of the bill belongs to which tenant.