I would just draw on the line and put the fund in the LLC's bank account and count the whole thing as a contribution... but to a certain extent you can use the HELOC and make all purchases in it contribution to the LLC... as a start up most of those little details are pretty blurry and I would tend to lean towards the assumption that such a transfer should be fine.

Which means that all of your "vacancy" assumptions go out the window. 

Which is where you would be in my opinion if you went down the rabbit hole of pursuing this property based on the assumption of equity.The "original" loan amount means nothing whatsoever.

Fourplex Rental Stats: Purchase price: 160k Reno on 4 units: 10k, cosmetic Loan stats: 20% down, 5% interest, 30 year mortRent: +2700/month, a conservative estimate for the area Property Tax: -182/month Power: -400/month Water: -160/month Trash: -50/month Utility Billback: +300/month (I assume the utilities are not split, so I would eat power/water and bill-back a $75 flat rate utility fee per unit) Vacancy: -270 (10%) Prop Mgmt: -270 (10%) Cap Ex: -135 (5%) Property Insurance: -150 Growth assumptions: 2% / 2% / 2%Sales expenses: 8%_______________________________________________ Cash flow: $396/month Cap rate: 8.13 10% CoC returnFive-unit Stats: Purchase price: 160k Reno on 4 units: 10k, cosmetic Build-out of fifth unit: 40k ARV: 258k assuming 8 cap in my area Loan 1 stats: HML for purchase and rehab, 12% interest, 2 points Loan 2 stats: (193,500, assuming 75% LTV), 4.5% interest, 30 year mort Rent: +3450/month, a conservative estimate for the area Property Tax: -182/month Power: -500/month Water: -200/month Trash: -50/month Utility Billback: +375/month (I assume the utilities are not split, so I would eat power/water and bill-back a $75 flat rate utility fee per unit) Vacancy: -345 (10%) Prop Mgmt: -345 (10%) Cap Ex: -172.50 (5%) Property Insurance: -200/month Growth assumptions: 2% / 2% / 2%Sales expenses: 8%_______________________________________________ Cash flow: $602.50/month Cap rate: 11.9% 30.2% CoC returnThanks for taking the time to check out my deal!

My assumption was that you were willing or considering his asking price. 

Any general assumptions about cost?

Sounds like a spreadsheet @scotttrench could build, with a few assumptions listed...

That's an assumption on my part though.

If you dont like it then you should've never responded and take your negativity elsewhere, dont try and make others feel bad because you simply do not understand how the business works, because if you knew, you would not have all these questions and assumptions.

Go through the pictures on things on MLS and just start analyzing deals, driving by and going into the preview with soft numbers to firm your perceived assumptions.