Here are some tips to help you negotiate effectively:Know Your Numbers ColdBefore entering any negotiation, understand the financials of the deal inside and out.

The agents are charged for this service no matter what so it's difficult for the agent to service from a time and financial perspective.

Quote from @Anthony Stephens: It sounds interesting but my concern is that this would be an unsecured loan to someone who may not be in a good financial position.

A financial advisor or real estate pro could help you map it all out more concretely.If I were in your shoes, I'd probably lean towards selling and reinvesting into some more diverse assets, or just more properties, but that's just me. 

It's a townhouse in Ohio, and as per the estimated financials, I could be looking at $400 per month in cashflow.Problem is...

Please let me know the financial implications. 

I don't know CLE per se (I'm based in STL), but I know the financial side of gut rehabs in urban centers of big cities.

@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

The key is to ensure the HELOC doesn’t turn into a long-term financial burden if the partnership doesn’t pan out.

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