Hi all,Feel like I have this one kind of sorted out but I just wanted to run it by some people who may know better than myself.The plan is to pull out a HELOC to help subsidize a downpayment on my next rental property.

I know often times people on this forum say they are unnecessary and don't always protect against liability and just get a good umbrella policy.  

If your losses come from something you "work" in, like your own construction business, they are nonpassive and exempt from PAL rules (although may still be limited by one of the other set of rules).Knowing how we love to call anything we do "business", the IRS clarifies what is considered passive and therefore restricted by PAL rules:1.

My question is how can I access my ADU and Boat without having to contact the tenant. 

Market Considerations: Given the 12-14 month holding period, how much does your target IRR change in a fluctuating market (either rising or declining)?

Everyone has their own preference on how much reserves to keep.

I’m not 100% sure how it works.

Srinivas,Looks like you are in Texas I know El Paso has some good cash flow rental prospects.

How is a 4 month vacancy ok?

The IRS will never contact you by text, email or social media to request personal information.Education for Your Staff: Be sure your staff knows how to recognize a phishing attempt and how to report it when one occurs.