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?

In comparing the two options, what are some opinions from the BP group?

There are slumlords that do the cheapest options, and I say--look for the ones that do bandaids vs. fixing a problem, and be willing to pay more for a well maintained one as that seller knows the value of a well maintained home will prevent a lot of the problems!

I would do one at a time, if even that as hard money loans are very expensive and would be a last option for me.

A live in flip if it was an option on the table is something I would definitely do.

For myself, I think my ultimate goal is to have an alternate cash flow to offset my dependence on a day job, which would allow me to choose a job I enjoy rather than have to find a job based on salary and ultimately allow me to travel with family more and enjoy life rather than stress about money.Thanks in advance and hope to connect and gain wisdom!

Yes - the Multifamily DSCR Loan option is a strong option here - not sure if you've seen this BiggerPockets article on Multifamily DSCR (versus traditional MF loans) but sharing here in case it helps - https://www.biggerpockets.com/blog/multifamily-dscr-loansIs the property now fully leased out?

Request a little time to explore options that benefit everyone involved.

Credit score is 775 and have had LLC for 5 years with multiple credit lines for the LLC  0 DTI as well can go with some DSCR options 

I would prefer to keep the tenant than to find new tenants so weighing what is the better option and what others have experienced.Thank you in advance!