You retain $75k of the proceeds in cash. 

Otherwise if you're comfortable writing your own contract or modifying an existing one than you may be okay.

My wife and I have a house under contract in California that we are planning to flip. We have decided to partner with another couple in a JV partnership for the project. How do I add them to the title? We are using Ha...

Are you saying that you have a hard time refinancing those existing properties because to do so would cause you to bump up against your debt/income limits?

I was wondering if anyone could offer advice about investing in real estate and more specifically:- What would you do to balance investing in real estate (flips, rentals) vs. paying down my existing debt?

:-)) Those are all things I know exist but I have to study.BTW I don't know the guy

The neighbors are eager for him to vacate the property.The property is located in a very liberal area of Northern CA and the attorney retained by the daughters is claiming there is nothing he can do to get the husband out of the house. 

@Luka Milicevic in your experience do you know if a person that already has a HELOC in place, if going for a new loan, would the new loan process from the lender look at the HELOC like they look at all other things: ie credit cards, bank statements, existing mortgages, etc.

Plus, any parts that they would have fit into the old existing unit would just be a band aid.

C items unless I'm buying the property subject to the existing mortgage.