If that other business is an S corp, and you are interested in reducing your taxable income, there is hope there.

Im also an STR owner in RI.

A HELOC and a Home Equity Loan are the same thing.I have an excellent residential mortgage broker who can help you with this, he's based in Orange County. 

How bad an idea is building for your first investment property? 

Hi, My name is Dorien, I am an experienced investor involved in wholesaling, to include all types of real estate development.  

My wife and I are still in the 'learning phase' as real estate investors, but we know for sure that in the next year (a) we will be converting our primary residence in to a rental, and (b) buying another house that will be our primary residence for 1-2 years so that we can qualify for an owner occupied mortgage.

While you may get a 199A deduction, you are paying a high tax rate.If we are talking about REIT's listed on an exchange, there are additional overhead costs as you mentioned - You have to get audited financial statements and also comply with certain SEC laws.

.- Shadowing another investor in my area- looking for openings in real estate management companies, or offering my helpOr..I could take my facilities job for the time being and save for an investment further down the roadI want to begin my investing as soon as I can but feel the opportunities that are available to me are a little limited due to my lack of experience and cash. 

Also, if you are an agent with experience in the Loreto real estate market, pls DM me.

When an applicant is approved, I follow this process:1.