Would the rents cover the principle and interest of the HELOC?

On top of the fact that I already have a business plan showing that income from the other ag operations cover the annual payments? 

I am also not going to assume it will turn out well and not have myself covered in case the partnership needs to come to an end.

20k will maybe cover a 5% down loan a 400k house. 

Basically for us, a 10-25% downpayment won't make any of these properties cash flow, let alone cover their expenses to break even.

So on a $400K deal at 2.5% that would be $10,000 which would cover 80 hours at $125/ hour.

We have consulted with real estate lawyers and they basically just tell us you guys need to create your own terms and how you want to proceed. my thought is, 100k down while waiting for loan to assume, and seller financing and living there until that moment, and covering the rest of the funds at the closing table.

@Dennis Carter IINot an attorney but I do not see why title insurance would cover this as there was no written agreement that was missed it was verbal - there was nothing they missed.Sounds like your best bet is to drill your own well.

Thanks for sharing Henry, Always interesting to cover the different angles, it'd be interesting to go through each of them for a specific building to see how different they are.

This approach significantly reduces my workload and simplifies budgeting.However, I do have a six-plex where I cover the water expenses.