Just use an online service and shoot them the link in every case so there is no perception that you are being less than fair. 

I make sure to include the following at the end, so they know it's not legally binding (which nothing usually is until a contract is signed, but we live in a litigious society so...."

By house hacking with $2k in your pocket and getting mixed up with parents on a deal you're building a straw house that'll get blown down.Good luck I hope you consider this advice but pretty sure you won't because this is slow and steady and we live in a microwave society and you're going to do what you want because you are chasing a fix similar to that of a gambler.

Caribbean workers don't seem to be very dedicated and think nothing of missing a day of work.Mexico, Central & South America the biggest challenge is finding workers who's perception of their English matches reality. 

My first goal is finding a place for my wife and our two dogs to live and possibly flip at a later date, but after that I'd like to begin building a portfolio of investment properties and tenants because Ive recently gotten a new job that allows me to save a decent (at least to my perception) amount of money for investing.

Good areas vs bad areas is a different question and takes stats out and adds opinion & perception.

My question is geared towards LP's perception and how withholding/paying distributions made them feel about the sponsor that they invested with.

It’s unfortunate that we have become such a litigious society and have to spend so much time and effort (and cost) to protect ourselves

HI Laurie,This one is going to be a balance of home sentiment, personal financial confidence based on your particular situation, and the choice of product.Choosing the right product will also be based on your perception of financial risk and your goals as well.A line or HELOC has its pros because you only pay interest if you use it which is nice because if you dont use it you dont pay anything other than the 0-75 dollar admin fee (most heloc’s have this and some dont just make sure to leave it on auto pay to avoid forgetting and incurring a late on your credit report).The downside with the HELOC is the insidious variable rate feature (margin + prime which is currently at 7% as of this writing).

I think computers are making a society that is lazy and dumb.