Overall I have been very happy with my LOC because I can pay it off and not have a payment while I am in between deals, instead of a massive infusion of cash, and when it's spent, its spent.

Creating a Property Management company infused with a hospitality concierge service is my dream. 

Detroit has seen some fantastic regrowth in downtown as Dan Gilbert has infused large amounts of capital into the core.

Taxes, inflation, and market rent are the reasons after the “Rent is going up because” statement, but I can infuse w/ an additional service for not much money in the meantime.

The plan is to use third-party private money for the purchase because the property likely won't appraise close enough to the $275k purchase price to make a conventional loan pencil out very well; that will also allow me to save my own money to pay for design and permitting to redevelop the land.My question is around how best to structure the $275k infusion.

Meaning purchase price, closing costs, cap ex infused and any other costs.

The wiring was screw in fuses with nob and tube wiring.

The big items are how cash flow is handled, what happens if/when future capital infusions are needed, what happens if one or two parties want to sell and the others don't, for those actively working the deal: what their compensation is, if any. etc, etc etc.  

Having an infuse of capital, there are a ton of options for you.

Then, have one of the company title attorneys review it.Some things to consider:1) What happens if capital infusion is needed and you both don't have your share, forcing the other to come up with the majority of the funds?