Implementing the SDIRA LLC + BRRRR enables me to protect their assets and provides the necessary rental income to offset the AL costs. 

IL  is a mortgage state and one frustrating place to do real estate from my perspective.only attorneys can draft the mortgages and you cannot deal with the title company direct it has to go through an attorney.. its the most protected escrow process state I have ever seen..

The idea is to get a clear picture what you are approved for, protect your stamina, and focus on the right fit.  

It is shocking how few people call me before they write an offer, not realizing the bank appraisal protects the banks money, not the purchase money.

But I did not ask if HELOCs would require seasoning, I have cash in my account that I got from selling a car and pulling from stocks at least the stocks withdraw has a history.My partner is worried about protection of his assets so we are looking to just have myself on the loan and us workout payments and dividing cash flow, we will eventually transfer the title to an LLC with both our names being split 50/50 in the company.

I believe in the Millionaire Real Estate Investor the book said of all the millionaire real estate investors that were interviewed the overwhelming majority preferred to keep at least 20% - 30% of equity in each deal to protect against downturns as opposed of being leveraged to the hilt.

They can craft a loan package with the terms and conditions and ensure your money is protected through collateral.

It depends on what else you have and are trying to protect. 

If buying a 50k house needing 25k in rehab ( consider there is an automatic 10% to 20% added as a contingency reserve to base budget to protect you from expensive surprises once you start rehab).

You want to make sure you’re not inadvertently targeting a protected class or opening yourself up to claims of doing so.