I am planning to get my first investment house; I don't want to use my savings, so I have an equity line of credit for 50K and got pre-approved for a loan up to 300 k? 

If you decide the terms for a home equity loan are more favorable compared to the HELOC then it's just a matter of knowing exactly how much you need for closing on a specific property because you don't want to get stuck paying on debt that you aren't planning on using right away.

As an LP in a syndication with two (let's call them) identical offerings in terms of asset type, business plan, submarket, asset size, projected returns, fees, waterfall, etc.  

We will both be on title and are planning to split costs and ownership evenly. 

I am talking to a lawyer to outline our plan tomorrow so we execute legally, but there doesn't seem to be any information available explaining how people are pulling this off.

The real question is how much are you going to save on rent and how long are you willing to live in a house that is “uninhabitable”.

Hi @Adam Burrows, wanted to give my 2 cents from an estate planning/asset protection background.

i am planning on talking to real estate lawyer and real estate cpa but wanted to see if there were any thoughts from the forum. thanks!

I plan on going there tomorrow to look at the flooring

The plan would be to live in that property for 3-5 yrs, pay down the mortgage, then turn it into a rental.