Most of the time books mention HELOC's or conventional loans before moving on to other more exotic financing options but this is the first time I've run into a HEIL option.  

The unit is a 2/1.5$77,500 asking price and stays booked 6-7 months a year solid and do have pre-bookings for off season as of right now.

Hey folks, I'm new to the BP forums, but have read some BP books (Set for Life, The Book on Rental Property Investing twice).Need some help analyzing whether I should rent out or sell my home (3br/2ba in Zachary, La).

The appraiser did ask us who the appraisal is for, and we told them that it was to complete an intra-family transaction, and we needed something to establish a tax basis.

I’ve been listening to biggerpockets podcast, reading book, blogs and I would really like to get started... don’t really have a lot of money. 

You should check out “set for life” by @scott trench.Really good book for anyone starting!

BP podcasts, speaking at established companies, writing a book, SEC investigation, FBI review etc do not make people honest.

Part II: what are some best practices when just getting started, to keep the whole transaction history for my first property separate so I can easily provide that information to a buyer years down the road?

I don't like having a cease and desist but hey 40 years 5000 transactions one blemish I can live with.. but we were not going to win  this one.. the investors are not personal friends .. they are not close associates  they are BP members ( well non of them were)  but came from the same sources.. and we controlled how the investment went.. so we did what I think most of those in the note business do.. we created a fund.. in Oregon its called a real estate paper offering.. its a hybrid of the 500 series and the state was forgiving on me I had raised about 6 or 7 million at the point I got turned in  on my model.. they could have tattoo d me.. but 5k  and 20k for the lawyer and create a doc the state liked and we were done.. 

For Non-Occupying Borrower Transactions, the maximum LTV is 75 percent.