Otherwise a total waste of time and money.Likewise entities, "building my team", "setting everything up correctly" and all that other fluff that benefits only people who set it up for you. 

Comparing bids would be a good way to do sanity checks on pricing, If they have portfolios they can show you, that will benefit you a lot as well

They presented a juicy case study to illustrate the benefit of depreciation recapture shifting from cost-segregated personal property to real property.

Renting it out now could help cover the mortgage, and you’d benefit from any appreciation over the next two years.

I feel like I am asking for pretty good terms that would benefit him, and if he wants different terms, let me know.

@Jeremy Hartwig  As part of your due diligence, you may want to consider doing a no-cost estimate/pre-analysis of the potential tax benefits available.

The benefit to HELOCs is that you generally have an alloted time period where you are only required to make interest only payments (then it will be amortized after). 

I'm not entirely new to RE investing, just new to a program where someone else is doing most/if not all of the work and I'm benefiting, despite paying Kris's team to do part or all of the work.

@Larry Nielsen Sounds like a very long term tenant if their rent is that low and they've been reaping the benefits of it being low for at least the past 3 years.

It will familiarize you with the basic terminology and benefits.