Most accounting software allows yo to break up payments line by line.

A HELOC is  HOME Equity Line Of Credit.

Also, be sure to loop in a real estate CPA so you can maximize deductions, handle pass-through taxation correctly, and ensure your setup qualifies for things like bonus depreciation and safe harbor rules.Want help setting this up or choosing the right structure?

Both strategies you mentioned have their merits, so the best choice depends on your goals and risk tolerance:Pulling all the cash out (cash-out refinance):Gives you a lump sum to put toward a multifamily down payment.Simplifies your focus—less juggling of multiple loans or lines of credit.But it can increase your monthly payments and debt service on that property.Using a Line of Credit (LOC) and BRRRR strategy:Keeps your cash flowing and allows you to recycle funds multiple times.You rehab, refinance, pay back the LOC, then move on to the next deal—building momentum.Requires more active management and discipline to execute well.My take:If you want to aggressively scale and are comfortable with more hands-on management, the LOC + BRRRR approach can maximize your buying power over time.

If you meet that test and your STR is placed in service this year (ideally before major renovations), you could even do a cost segregation study and bonus depreciate a portion of the purchase, furnishings, etc.

Make sure you atleast work with a professional who is in the tri-state area who will more likely understand the NY state tax laws.Some concepts in the NY area that are different than states1) MCTMT Tax2) NYC not recognizing S-Corp status3) Differences between Federal / NY tax laws such as bonus depreciationBest of luck!

And if they apply and pay the cost I run their credit and criminal. 

Hey BP Fam —I’m in the process of structuring a potential seller finance or subject-to deal with my neighbor here in Granbury, TX, and I want to make sure everything is done by the book and protects both parties.Quick context:Seller is elderly and very trusting, so I’m prioritizing clarity, legality, and peace of mind for herProperty has an existing mortgage at 4.375%She’s open to letting me take over payments, and we’re looking at options like subject-to, wraparound, or seller financeI’m not looking to cut corners or “hack” the process — just want to do it the right way, avoid trouble, and keep this deal safe, simple, and cleanI’m specifically looking for a real estate attorney in Texas (bonus if you’re familiar with Hood County or the DFW area) who:✅ Understands creative finance deals (SubTo, wraps, seller carries)✅ Can draft documents that protect both sides✅ Has worked with title companies that are SubTo-friendly✅ Ideally understands how to minimize due-on-sale riskAny referrals or recommendations would be seriously appreciated!

7% is pretty easy, leverage you make more and if you choose wisely you dept pay down and your appreciation will exceed your cash on cash return quite a bit

Market rent (CMHA voucher) is $1,550.Questions for the hive mind:Any hidden costs Cleveland rookies miss (water lines, point-of-sale)?