I get an email alert each time a deposit is made.I prefer not to use any third-party vendors (Zelle, etc.) because firstly, that creates another link in the chain that can break down between the tenant's deposit and my bank account (or, create capricious limitations and hurdles like the one you are experiencing).

You’ve got depreciation, passive loss limits, basis tracking, expense allocations, and potentially cost segregation opportunities.

Right off the bat, your inventory will already be limited since you’re looking for a multifamily property in a more rural setting, so it may take longer for something to hit the market that meets your househacking criteria.

• Any surprises regarding membership eligibility, membership application, or underwriting hurdles? 

Don't confuse buying in good markets with limiting yourself to being from those markets.

We personally reject about 70% of our applicants because of how tenant friendly the laws are around evictions.  

Hey everyone,I’d love to get some experienced eyes on a strategy I’m testing.I’m actively flipping properties and recently had this idea to strengthen my offers and scale faster:Use my personal HELOC to fund a large (or 100%) Earnest Money Deposit to make my offer stand out.Once under contract, I’d line up a Hard Money Lender for the purchase and rehab.At closing, the HML funds would reimburse my HELOC, allowing me to reuse that liquidity for the next deal’s EMD.On paper, this seems like a way to:Present stronger offers and outcompete buyers.Recycle capital faster between multiple deals.Keep momentum going even with limited cash.But I’m curious about the real-world execution and pitfalls:Has anyone here actually done this (HELOC → EMD → HML → repay HELOC)?

If there are no boarding house limitation to the number of unrelated persons, does this structuring matter?  

Are you looking to invest in a private fund as a limited partner? 

Clear agreements, defined repayment terms, and limited rights for the investors are critical.This post does not create a CPA-client relationship.