Hello,You should have the security deposit allocated to a specific business account. 

Then they said that I couldn't get the 10k USD back because "the funds had already been allocated".

I mean do I consider it as a regular loan/mortgage and set a certain amortization period to be able to calculate monthly HELOC interest  payment, and allocate as % to the "principal payment"?  

Also, don't deprioritize building a financial cushion by allocating a portion of your income to an investment fund for down payments and property improvements.

Thanks all for the input - I've never set one up before but I imagine you can create properties and track from that perspective plus the overall rental business (ex. some expenses get allocated amongst multiple properties)?

If the answer is "yes", ask them how they allocate acquisitions between the fund and individual mandates.

I would seek out a 4plex and allocate units as follows to achieve diversification 1.

Or, something to give you guidance on how much you should allocate to each asset class?

I don't see how they can justify allocating relatively no value to these assets in effort to try to avoid income taxes... 

I'm looking to allocate this specifically to real estate.I gotcha, if you are already "set" in other categories then that changes things.