We won’t be super strapped for money/income so I’m thinking big picture.

More about me, I have a a secure job that pays me quite well, so I'm not strapped for cash and expect to have more cash on hand in the future.

Assuming I can get ~$50,000 from the HELOC, I believe I would have enough for 20% on $350,000 home and then have enough left over so that I am not strapped too thin.

Don't have access to the NY stats, however, in OR, most of the stuff people go to the mat over involve money (commingling funds, inaccurate reports, etc.) 

@Patrick Pierre I would, but I m at work when they go live.

On the other hand, if you are over-leveraged, inexperienced, and/or strapped for cash, now is probably not the time to further overextend yourself.

Truth be told I'm a little financially strapped for a few months until I finish selling a business basically.

One additional issue we would like to bring to your attention is that Gustavo set up a work out area with foam floor mats in the basement which were damaged by the flooding caused by the gutter not being fixed when we initially brought it to your attention.

There are places that will do cost segregation studies on parts of the improvements on a shorter schedule (5- or 7-years depreciation).However, have not heard of someone being able to go to the mat with IRS and get the whole property depreciated over 5 years.Plus you'd have to figure if it's worth it since you'll be paying a lot bigger depreciation recapture after 5 years plus CapGains.

The financials look sound as well and the company is well strapped with cash to ride out future problems with Covid.