After all paperwork went to their attorney three days ago, they told us they couldn't fund to a partnership or an LLC, had to be a corporation. and yet ALL OUR  PAPERWORK  states we are an LLC. 

And, Turbo tax Business software is $163.

I have another property from a family friend that is being sold  for 150k, and the estimated value is 340k. 21 acre road front property w 3/2 bath.

Buildings are left mid construction and of taking more than three years to get to “mid-construction”. 

Live in one room, rent the other three for $2400-$3000.

.- at year 7 if value appreciated a lot, can i do a HELOC on it and use that HELOC to pay off the balloon - probably not due to lien being secondary etc on helocYes on the HELOC, but it would probably be easier just to refi and pay off the seller, and cash out more money too.Hope that helps and good luck!

I am an advocate for buying real estate and then just holding it. 

Quote from @Jairo Montezuma: Agreed with the above, your problem will come when you need to get someone out there on a Saturday morning around 6 am and you are three thousand miles away on vacation.

Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.

Renovating a duplex can boost cash flow and long-term wealth.