As @Caleb Heimsoth mentioned if you are a veteran and/or have VA benefits you can get a VA loan which is nothing down.

Essentially I need about $280,000 to make the deal fly.  

I had a question I wanted to ask the general biggerpockets community because I felt it could not only benefit my self to know but others.

It is the same as you owning it personally.For your accounting you will essentially have 2 loans, the portion borrowed for the HELOC and the new loan. 

Going to be creating an LLC, I have heard the Nevada has the best tax benefits when you register for an LLC in their state?

Of course, speaking with a tax and legal advisor about all things listed above would be to your benefit and may help you decide on things as well. 

Note if I was in a market without the historical appreciation of our market then I would be more in favor of paying off properties as the leverage benefits from the appreciation (property and rent appreciation)However, I realize 1) sometimes the tortoise beats the hare 2) that there may be more risk involved with high leverage and that some people do not function well with risk. 

how does it benefit them?

I was having a conversation with a friend who is also interested in real-estate investing and she informed me that there is the potential for special financing for Multi-Family Properties.Does anyone know the benefits of financing a Multi-Family vs SFR and where I can find more information regarding this?

Since it's about 250K-300K, and since I don't have that kind of cash myself, I was essentially going to partner with fam & friends and we'd raise enough for the down payment (if I can find a lender who's willing to loan that low) and split the returns.Account Closed Definitely agree with having a list of investors including those who've committed to the deal + backups who are willing to step in in case others pull out.