Given your firsthand experience with the Alabama market, particularly with septic-specific considerations, your insights would undoubtedly provide a more accurate perspective on the operational and maintenance costs affecting this asset.Even with the available information, there are still substantial assumptions and speculative elements that must be integrated into the current and pro forma financial analyses to provide a meaningful valuation.

You do not need to take on new debt for the $450,000 reinvestment unless you choose to do so for other financial reasons.If you have further questions or need clarification, feel free to ask!

Together with it, i have a mortgage free apartment that serves as financial security. 

To really give you good feedback on this, we’d need to know more about your goals and your current financial situation.

When you can enter from a position of strength financially, the risk:reward ratio significantly changes.

The FBI’s Financial Crimes Unit investigates these matters for filing of charges on Equity Skimming violations.

A clean cut, I get that it might be hard emotionally and financially but a clear break on stuff is what you need not more stuff that keeps you together that will just be one more thing to fight over later.

Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

The key is to ensure the HELOC doesn’t turn into a long-term financial burden if the partnership doesn’t pan out.