HELOCs are fine, but keep in mind that you really only want to use 50 percent of less (each) of your available equity just so you aren't creating a problem that you can't solve later if the value of your personal residences fluctuates.If you both have W2 jobs though, have you looked into getting qualified together and just getting a loan, 10 percent down each?

If the person stops making payments, they alas,  have to foreclose.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Personally, if the property is in a bad area, this will give you headaches no matter what.

Can confirm Joseph is a real person 

Raising your credit score will get you far better rates personally as well as with private lenders for your LLC. 

I had the initial call with a PadSplit sales person, but I wanted to talk to somebody who's actually doing it to get their perspective and advice.

Personal guarantees are EXTREMELY common.

It's been 2.5 years since I purchased my first property and now that everything in my personal life has slowed down I'm back on the horse and ready to find my next investment.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.