Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

Any implications using a HELOC toward a REI?

Renting out the fifth unit is a risk (one that many owners take quiet often but don’t think about the implications).  

The latter comes from your social capital with both parties.

Nicholas,Make sure that when your wife adds you to her credit card(s) she makes sure they take your social security number and date of birth. 

Hey BP fam, I want to network in person, like a in-person social gathering- remember the old days!

It makes little sense nowadays as it will all til back to your social security number and you’ll just be reporting a schedule E in the same return if you rent the place in killington at all.  

There are a variety of ways to do this like cold calling, joining social groups, direct mail, knocking on doors, etc.

Take $150,000 x your marginal tax rate = additional upside (assuming real estate professional status and enough ordinary income)Super important to understand how the tax implications impact a deal, especially for high earners. like you said, it’s a good way to “make” a deal rather than find one 

Discuss it with someone who understands legal and tax implications before doing it please.