What do you mean by "traditional 6-month financing route"?

Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.

Also, explore creative financing options that might balance your partner’s limited credit/cash flow without putting all the risk on you.If you're attorney can't clearly articulate this, maybe it's time to find a new one.

HELOCs are definitely a good option for financing BRRRRs.

You can finance it with an FHA loan (3.5% down) or a conventional loan (5% down) if you plan to live in the property.

I have a property that I could sell for somewhere around 400 K with owner financing.

Now days you don't buy a deal you make the deal either with how you operate the property, how you finance the property, or how you purchase the property.

This would be my second purchase in the Pittsburg area. I am partnering with another investor who owns 4 single family homes in that vicinity. I own 4 rental properties and a small strip mall in the Baltimore area

It may be more difficult to get financing and a good rate buying through an LLC. 

I do have a HELOC on one of the properties already but I will keep you in mind for future financing needs.