At that point, most of your pre-rent expenses will become slowly deductible via depreciation.

The short answer is yes utilize a heloq if the numbers work.I would get the heloq to have available but use your cash for now do you aren't paying 8% or so for the heloq money.Then if you need cash you can tap the heloq only then.This will save you a lot on interest.You can't deduct the interest on upgrades to your primary residence until it becomes an investment property.

Originally posted by @Levi Dejong:@Frank Patalano finding cash for that first down payment  Levi, you have to sacrifice something.

Hello I dont know how to do all the rennovations I see my brothier doing at his rental project, I just feel like at a base leval I dont know anything no matter the history and work, how am I going to buy my first deal when I dont know ****  pleas help me dial it out of this hell  refering to the rehab skills mainlyhow to deduct all deffered maintances and otherwise I make 1k a mouth but what happens when a major rennovation takes place

Because interest is deductible on a loan used to buy investment property. 

Are you able to take tax deductions or do you have to pass them forward due to income limitations?

I realize it's not my right to tell people how to vote, but I'd like to put a clause in that reads, "Every time a levy, school tax increase, or special tax assessment passes, rent will increase by 5x the amount of that cost." 

I typically only buy notes in my account though since notes are taxed as ordinary incomeI can see a point about depreciation but when you exit a property you pay depreciation recapture tax so I think it’s over exaggerated about losing the benefits of tax deductions as you are not paying taxes on the income anyways.

(Another option to the above scenario is to instead have the LLC lend my father money to complete the rehab so all the repairs are made in his name...but then the LLC would get no tax deductions on the rehab, plus my father would wind up paying interest on the loan and the LLC would incur taxable income on the interest of the loan as well.)I've said a lot here, but It would be greatly appreciated if anyone can give me advice on the best strategy to pursue...Thanks!

@Levi T.