My business partner and I have been coming across off-market deals and have a flip opportunity in Gresham and a lot in SE Portland for a new build.

I have been very impressed by their business plan and professionalism.  

I'll be moving to New Orleans, LA soon to run a large construction project which will likely last 2 years. 

If he wanted his business practices to be different, than they would be. 

Im very new in the real estate business but i think youre right $500-800 dollars is better than $1500

If you are using the HELOC proceeds to acquire land for a property that will be business use in some manner (a rental), then that interest expense from the HELOC would be deductible against that business project. 

Run your business like a business.

I'm not a big fan of mixing family and business because it can destroy relationships.My favorite recommendation is the one nobody wants to hear: work like a dog, save up, and buy things you can afford to pay for.

Pretty cool all in one, they've definitely won our business.