So when you do sell , the title company also makes sure that the water bill is paid prior to releasing funds.   

When we make a real estate purchase, we often pay for the down payment from our own funds (equity in) and use business funds to pay for the improvements and operation costs.

Some juke and invest in mutual funds and equities. 

The current HOA does not have the funds for this, so not only have they recently raised dues, but I believe a large special assessment will be coming (possibly before end of year).5.

It depends on how you split the revenues.If the house is free and clear, you two should decide if you get to bank all the money after paying expenses (taxes and insurance) or if you have to split it somehow in favor of your rehab work or just 50/50 the whole time.Also, if your friend decides to sell it year 2 or 3, and you still haven't recouped your rehab funds, do you spit the proceeds of the sale?

For example: Individuals, C Corps (including RIC's, and REIT's), Partnerships, Common Trust Funds, Qualified Settlement Funds, Disputed Ownership Funds, etc.3.

Did you get any security deposit funds ?

Now, different story if you are saying your dedicated real estate purchase funds can't swing 3.5%+closing costs without dipping into your emergency fund.

They will want to see all your funds.

Do you have funds that are easily accessible in case you stumble on an offer that you can't turn down?