So that's the benefit. 

I can benefit from homestead tax status and mortgage interest deduction with relative homestead.

This property may not qualify for tax benefits.

Also check with your lender that the HELOC funds can be used as a down payment; some banks treat it as borrowed funds and may adjust the terms.

Now my market, Jacksonville, is benefiting from the migration growth.  

Do they suggest how to enter the transaction accurately or enter an adjusting Journal Entry.

I am wondering what you see as the 'benefit' of the TIC structure?

If there aren’t other fourplexes nearby, they’ll typically pull duplexes, triplexes, or even larger single-family homes within a reasonable radius and then adjust for size, unit mix, and condition.

For example its difficult to comp properties in Texas with Zillow as its a non disclosure state.As for factoring in renovations, we use a price-per-square-foot comp model adjusted for finishes.

You are also able to avoid depreciation recapture which is a huge benefit