Hi Joshua,It really depends on your situation and your specific needs/wants.

Hi Aidan, when you first started you can create your partnership agreement per deal depending on what your end goal is for the property. 

@Bruce Yi, depending on your state's laws, request a higher security deposit to reduce/offset the risk.

.✅ Denver - April - $610,200✅ Westminster - April - $570,000✅ Arvada - June - $655,000✅ Thornton - June - $560,000✅ Lakewood - June - $605,000✅ Englewood - July - $600,000✅ Morrison - June - $968,000✅ Conifer - January - $872,500✅ Evergreen - April - $1,200,000✅ Golden - May - $1,025,000✅ Littleton - April - $680,500✅ Parker - July - $715,000Certainly these months/time frames can change in 2025 depending on mortgage rates, inventory in your city, etc.But, if all remained constant, this gives you a ballpark idea of time of year to net the most money

Ask for a 70k payment and give them an interest rate that is 1 point higher than yours.

Stats are not in your favor but forget the stats as it all depends on the individual's drive, effort and processes. 

(replacing the original HELOC debt) However whether the interest for the  additional $200kish of loan  will be deductible will depend on 2 things: -How were the renovations paid for?

He may accept a lower rate than bank financing.

It is more expensive to buy rental/investment properties vs a primary residence (primarily because of interest rates). 

It depends on what exactly you are referring to with gap funding.