That's the real short of it.Legal entity's such as LLC's provide no tax advantage unless investing with non-spousal partners (its the same tax, but needs to be split between the partners).My personal pet peeve is to remember that depreciation has to be paid back in taxes at nominally 25% to the IRS when you sell. 

There is a huge difference in value.Also, your valuation of the value of the structure based on potential rent does not account for the value of land, which you are not providing. 

However, they recently provided a relatively small LOC for that purpose.

If you have blueprints and enough information, I am sure a licensed appraiser can give you a better estimate of ARV.If I do a CMA and estimate it merely based on the numbers you provided, you are looking at an average of $3MM +/- 500K.

The information/opinions/Facts you have provided were awesome and gave me a very clear picture as to what I should do.

Investing in REITs provides an opportunity for dividends and potential appreciation.Rental Property:Purchase a rental property and earn income through monthly rent payments.

•Best For: Investors seeking flexible access to funds over time for varying costs.Home Equity Loan (HELoan)•Lump Sum: Provides a one-time lump sum of cash, ideal for covering specific, immediate costs.

Why not share it with us and we can provide feedback on your evaluation and what to expect.What's the smell on the other unit?

I will provide you with my services if you help me learn how to find leads, buyers and legal contracts.

I am hoping that this offering will create an additional incentive to rent our house over those that do not provide this option.