I know this isn’t going to work out just wanted to describe the idea.

Hope you are dead on and you saved a ton of $$....But let us know in 6-18 months......I've seen too many " the pro wanted $xxx dollars and I got a handyman/guy off Craigslist to do it for 1/4 of that price", only to have that job/repair/equipment fall apart in a few months and cost double to fix it compared to having it done right the first timeIf it all work out, fantastic....but sometimes you really do get what you pay for.....

Instead I make a choice to work out whether it is easy or hard to do that day.  

., he put money and you put your time, effort and knowledge to manage the rehab, then you work out a % of split profits between you two.

If so then so long as the numbers work out it sounds like a potential opportunity, but if it's something that stumbled onto your plate you're probably best of finding a buyer and wholesaling it.

How did this work out for you? 

You have the opportunity to leverage a little debt and put your money to work out of state where there's some potential for great returns. 

Well, this did not work out since i was getting a primary residence home loan.

Even if your going to lease option it, you will still have middleman risk when it doesn't work out.

Hello, I've found a triplex in Bemidji that's going to work out for mw, but I don't know how the taxes and payments work when using a personal heloc for down payment on an LLC property.Is there a way to transfer the heloc to the old to streamline the taxes?