Yes, your parents can take out a HELOC on their paid-off home to help fund your BRRRR, but it’s smart to have a contract in place to outline repayment terms and protect everyone involved.

My attorney advised me and my spouse to setup separate revocable trusts for asset protection but I'm finding that some financial institutions do not allow accounts to be held in title under more than one trust.

The strong consumer protections particularly with HELOCs in this State appears to be a knock-on affect of homestead laws.  

Also, if you have a slip and fall and decide to sue your LLC, you have added liability protection.

You can exchange ideas with your agent and have him work something out with the other side through conversations but once you all agree on a plan you MUST GET IT IN WRITING so everyone is legally bound and your EMD and interest are protected. 

They will verify the numbers using the steps that they have in place to protect both you and them from a loss.

My company would essentially do everything for the landlord: paperwork, finding the buyer, rigorously vetting the buyer, payment setup, delinquency protection, and anything else that comes with owner financing.

We also know how to protect foreing investors when buying in Mexico, we advise to work with an ESCROW to protect both sides buyer and seller.

But states are passing laws to protect uneducated people just like your 2019 self.

I do not say any of this to discourage you but, to protect you, be smart!