Really, where I seem to use these most is with a client that has several million in stock market investments and wants access to funds without selling the stocks and paying the capital gains taxes.I probably wouldn't advise this...but you could look around for a custodian that has really cheap margin rates...and open an account there...and then take margin out of the account...That's what I do personally. 

Here are some tips for networking and making the most of your account. 1) I'd fill out your profile fully before you do anything else!

If you waive a late fee for a single man, but then refuse to waive a late fee for a single mother of three, she could claim that you discriminated against her because she is a single mother.

It seems like you could just register this as a single family rental property if necessary to at least say you tried.

It has a disaster of a trailer park on it and the listing realtor openly says the value in the property is to build the allowed 28 single family homes on it.

They have no choice, I sell to non-qualified buyers (They have a down payment but can't get a bank loan).Single member LLCs default to pass through taxation

In many markets, there hasn't been a single deep discount sale of a multifamily property.

If your budget will allow for a purchase of $400k or more, a single-family house within walking distance of the beach will likely yield higher return and a larger runway for appreciation.  4-bedroom channel homes in the popular Cherry Grove section of North Myrtle Beach go for around $600-$800k. 

The tax code is verry complex and everybody even accountants will tell you different opinions as to what is right and wrong.

@Neel Patel - I doubt you can get $1600 for the larger unit;  for $1600, the tenant could rent a fully rehabbed single family home in a nice area of Huntsville or even Madison proper;  the other rent amounts are probably feasible, although again, $1100+ can net a decent SFH rental.