I'd consider writing the bank a check for a couple grand but surely won't for $10k or more.

many jurisdictions would not allow that many seperate septic systems..

And if you buy class A or B you’re banking on appreciation.

We cannot bank on appreciation but conceptually a 3% increase in value on an $850K property is more "cash" than a 3% appreciation on a $200K property.You wouldn't need the capital if you get the HELOC (this is assuming you qualify).

@Becky HoffmanHave you tried speaking with any local banks or credit unions?

With an Operating Agreement, separate bank account, etc.? 

@Daniel M.In your Bank Account you will just see the Net Rent come through.

So you'll have to show that you've made the payments on time for 12 full months (cancelled checks or bank statements to evidence debits on your bank statement to show payment).The 12 months of payment documentation will be required from the underwriter as a condition almost guaranteed 99.999%.Keep in mind what I am talking about here is if you pay an underlying mortgage that you're not obligated on and after the 12 month of payment you are "no longer," subject to the 50% LTV restriction with conventional financing.

3) Did you wire funds directly into the operator's bank account or the co-GP/fund of funds bank account?

I understand its good idea to have a separate bank acc for rental income.