But you don't qualify for material participation if you are a passive investor in a syndication.  

This structure helps ensure that if one property faces a lawsuit, the other properties and their income streams are protected.

Give them the courtesy of a sit-down. 

Of course, have a professional inspection done that enters each unit and do a sewerscope.

@Ashley Mierez Congrats on having a property!

There is not even a cohost option that I know of.Are you going to get a PM license?

Then say you can mail a.

@Gary R UrenIf the property is zoned for only one home you most likely will not be able to do thisPossibly it could be 123 main st unit a vs b but that is a post office issue and good luck dealing with the post office on this issueI would talk to them and put to mailboxes in the front and see if they can separate it by A and B unit

Using a HELOC can work, but it's still a second loan on one property so I wouldn't be looking for a way to leverage one of your two properties just yet to get a third.

Long answer - it's complicated.For 2024 you have a personal residence with room hacking.