So we create a partnership agreement and a new LLC and he funds the LLC account with 50k.

Not even Balance Sheet.I don't know if they changed their model since the change of subscription plan but it isn't ideal to use it as depreciation or amortization.They do have a balance sheet. 

You do not have to change anything.If Yes, Are both of you members of the LLC?

I understand they can make our life a lot easier but is it worth it if it eats up a lot of our cash flow? 

But the fires have changed things. 

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?

Some slowed to a walk.When the terrain or wind shifts back into everyone's favor, those sitting on the sidelines will have to recognize the change, then get back on the road.

Give me the horse and buggy vs a self driving car with immature software and sensors any day.My point is you should use as much technology as you can to make your life easier without going beyond its limits, and in the meantime always be on the lookout for new solutions that solve problems without creating new ones.

Sharing proceeds can be documented through a contract or settlement agreement without title changes.

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