Originally posted by @Matt Millard:I’m fully invested already.

I already have the wheels in motion to take care of everything ASAP.By the way, as Matt P. points out, the breaker wires and switches can be moved if the set up is as he describes (it is), but if you're skeptical, check out Youtube.

No matte what the DP you come up with, if you are using your HELOC to pay for it, the monthly payments on that HELOC will just make it worse.The killer is the $20k over the next 2 year...that's $833/month.The net result of all of this, as it is setup here, is you will be having to come out of pocket $375/month every month for the next 24 months...plus whatever the HELOC payments are on top of that (probably at least another $125/month for a total of $500/month.This means at the end of the 2nd year, you will be $12,000 to the negative...as in losing money.From that point forward, there should be no more HELOC or extra payments to your Aunt (the $20k...$833/month). 

@Matt Michaelson -- Thank you for your responses. 

Hello everyone, My name is Matt and am new to Real Estate in Providence RI area. 

@Matt Michaelson, @Mike Flora, @Russell BrazilI requested a letter from our insurance agent, and basically they stated, "we insure properties located at X,Y,Z, and to the best of our knowledge, they are owned free and clear." 

Thank you, Matt.

@Matt Honeyford  Not to prove you wrong or right .

Thanks, Matt

@Matt M.