My name is Andrew Grove, I am using my dad's Bigger Pockets account to reach out for help and advice.

The designer talked about has a completely different account then the designers I usually recommend, and I would have had red flags to begin with.

They don’t have a retirement account. 

I am not sure what tools you are using for your cash flow projections but it's possible to have a property that does not cash flow year 1 but will in year 2 or 3 and so on based on average historical appreciation in Austin TX. 

Set clear goals, stay accountable, and celebrate small wins along the way, getting started is the hardest part, but you’re on the right track!

Make sure you account for all of your interest load if youre using a Heloc for permanent financing as you suggest.

@Vidit MainiYou should have a consultation with a tax accountant to learn about tax strategies. 

Also helping was a relationship with that bank (deposit accounts) and good credit. 

@Nate McCarthyProfit Splits and Contributions:Dividing profits proportionally to investment (2:1:1) is common, but you could also account for sweat equity if one party is doing more work.

So if they can get guaranteed 5% interest in an account they can get their money out of at any time they’ll want 8-10-12%.