It appears both have a cover charge for non-members.

(One PM just does non refundable deposits instead of security deposit).

One sister would rather have a non-family member single tenant in the space, and my second sister, the potential renter's spouse, was not too enthusiastic about the idea.

Only a few banks like Wells Fargo will give HELOCs for investors, but you can often get a teaser rate the first year and closing costs are either low or non-existent.

Depends if you're using conventional financing or non-conventional.Conventional will be around 1%.

So, what if I had sold the house and the drain was slow and he required me to fix that problem and I agreed to clean it up and then snaked it before closing - would that absolve me from liability of the actual problem, which now required the old drain pipe to be replaced?

He made it explicitly clear that he wants to keep it straight forward and wants to get out clean otherwise he will just list it.

Wondering what the benefits would be to them, if any, on doing a zero interest loan for us.Sorry for not having a ton of details here, this is the first non residential deal I'm doing so not entirely sure of what questions to ask.Thanks in advance.

@Brad Jacobson - It would be considered non-employee compensation? 

You will need some cash to clean up and renovate.