I found someone, who I trust, who wants to partner up because she has been wanting to invest in this building herself and she wants to bring all of the cash for the renovation, but also wants to split equity 50/50 (or something along that line, maybe 49/51) since she would not realize any gain until we sell. 

Hi BP community,As I dive deeper into the world of real estate wholesaling, I've realized the importance of having a robust cash buyers list before launching into serious campaigns.

You also have to realize that even if you are not using the entire heloc limit "Some" underwriters still calculate the Maximum payment into consideration.There are some ways to pull money out of a Heloc and deposit it into a savings/checking account prior to application to satisfy the PITI reserve requirements.

She realized women are disproportionately affected and began to ask what the need was.

As my portfolio began to grow, I realized that I was going to be unable to manage the properties and keep a full-time job (we had 5 annual rentals).  

I realize you have only been here for long enough to accumulate 21 posts, but that's how this COMMUNITY works.  

Thanks for reading my long winded post, I realize with situations like these there are no "correct" decisions only different decisions that yield different outcomes.

If you have the open line you are essentially using it as a bridgeCouple of moving parts here but you do not owe tax until you have a realized gain so I am not sure if I quite understand the last question.  

Can you do it with less - yes but just realize your chances for default go up significantly. 

Yes, as you’re beginning to realize, there is not enough profit for you And the GC....all aspects home builders are also the GC.