@Jason Brown - I'm a CT based investor, flipper, and property management company owner.  

I have recently worked with a company that has an excellent offer.

HELOCs are fine, but keep in mind that you really only want to use 50 percent of less (each) of your available equity just so you aren't creating a problem that you can't solve later if the value of your personal residences fluctuates.If you both have W2 jobs though, have you looked into getting qualified together and just getting a loan, 10 percent down each?

Give me a shout if you have questions, but here's the short of it.Best financing is going to be from a bank or a conventional construction loan.

@Adam Newman yeah, not understanding your statements, "I have $50k plus about 7k in the bank" and "take out a loan and go in with 20% from the start?".

I turn over to my insurance company and they are paying for the lawyer to fight the lawsuit. 

We use a construction loan to build a 4bed 4 bath cabin.

Quote from @Tiarnan Gormley: How will you qualify for loans?

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.

You borrowed $388k and you’ve paid your loan down to $384k with your $30k in payments.