I am looking for some legal advise to determine my business structure in the US.

It also includes regulation A offerings inside of the tier 1 and tier 2 fund structures.

Don't let the business structure hold you back from getting started.

Location limited to Texas, in or around cities like Victoria or Corpus Christi (not expensive MSAs like DFW, Houston, Austin).No particular asset type in mind, could be anything from retail to MF to warehouse or other.Renovation mostly non-structural, although upto 20% structural should be fine.Is there any particular asset type that typically requires major renovation?

I will say the property needs structural support repair so I added in 8k for that plus cosmetics for a 45k rehab budget.

He has a 400k HELOC ready to use..Question: What is the best way to structure this??

Saying that many people do deals this way may be true, but it doesn't mean it's the best course of action or most risk averse for someone who it sounds like is still learning the process and doesn't have the basic structure yet figured out.

the way im structuring things is everything is tied into a security deposit.

@Subbie Kaur: Thanks for your input and my strategy is to buy low and sell High, with that said I am in the beginning stages of investing and have a limited knowledge of the inner workings of Taxation Corporation structure so on and so on and I'm sure there will be some bumps along the way but to make a long story short my strategy is simple to make money honestly and legally regardless the end of the day make money

Typically (in most states / housing markets) market value (what you pay for the property) is usually less than what it would cost to rebuild the structure (replacement cost).