I have a HELOC with nearly $250k that I can deploy.

I have access to 100k in cash for deployment with excellent credit. 

Right now they are sitting on about $200M in cash and are playing defensively until they start seeing the lag of effect of COVID-19 put major downward pressure on property prices and construction projects that are incomplete and they will deploy that cash hoard (8-16 months).

Beyond that, no one that I’m aware of tried to identify the real thief, hold anyone accountable, or go after the money (which we guess was quickly deployed overseas).The moral of the story is to always buy title insuranceand don’t assume that any professionals or the 100 forms mentioned above will protect you.

Actually, I wouldn't Cash is king and you need all you can get to deploy for your next deal.

If you know 15 ways to finance a property it becomes a lot simpler to purchase, and the more you deploy each strategy the more comfortable you become with that strategy. 

How much money do you have to deploy now.You have 3 strategies as other folks have suggested1.)

Have you considered deploying your available capital across multiple assets, as opposed to one, that yield higher IRR's and quarterly cash flow? 

I don't know a ton about rehabbing properties, but I'm good at business development and have a decent chunk of capital to deploy, so we think there's a natural fit for us to work together.We've agreed to the below structure:1. 50/50 hard dollar cash equity on all deal-related, renovation, holding, sales, etc. costs2.

Good move not comingling the funds, even if you are a couple of buddies "pooling lunch money to buy real estate" (one of my mentor's favorite lines) it's best to have the separation.1) definitely have him send the money now as long as you are not paying interest on it and your friend knows the returns will begin to be calculated when the capital is deployed. committed capital is much different than cash in the bank.