If you are borrowing money, you are going to be using equity of some sort.

Borrowing from family for a smaller purchase isn't the worst thing.Cash flow has been tough as of late with the higher interest rates.  

You should speak with a CPA and a tax attorney to be safe.Regarding your thoughts about 1/3 equal splits - sounds good until you check out the cost of getting a DSR rehab loan or borrowing hard money.

I get it though, that’s the price we pay for having the privilege of being able to borrow money.

We want our borrowers to succeed and return again and again.

We view everytime a borrower pays off on time as a win.

LLC/ Corporation documentation (Must be a US based corporation or LLC) Most lenders may require a minimum credit score of 650 for this program if the borrower has US credit. 

The process would be different if it was a short sale, whereby someone representing home owner would have to deal with bank to get the lien released for less than what is owed by the borrower. 

It just feels like I’ve been making a lot of short term sacrifices for long term gains and I have to be really diligent with money management. or I could also just try to borrow money for the renovation, and pay off the line of credit over time, but I feel like that really would limit me and if the stock market(my collateral) went down I could also see some trouble. 

I borrowed 1k from a friend and invested it into a stock which has grown to 1.5k.