LLC has no other asset. 

Find a reliable partner with credit/income/assets

Meaning John now has over $2.5MM of equity into the asset.

But I did not ask if HELOCs would require seasoning, I have cash in my account that I got from selling a car and pulling from stocks at least the stocks withdraw has a history.My partner is worried about protection of his assets so we are looking to just have myself on the loan and us workout payments and dividing cash flow, we will eventually transfer the title to an LLC with both our names being split 50/50 in the company.

@Ashley Davis The asset management side of our house will typically offer up to 1% of the property value as cash for keys.

The savings principal is backed by a solid asset. 

As an auctioneer, we do those deals all the time ----- there is nothing better in real estate (my opinion) than selling an asset you don't own for a profit.

.- Row 3 will hold sale proceeds- I will sell the property in year 5 So it will look like this:A1= 100 (cash outflow)B1= 10C1= 15D1= 15E1= 15E3 = 25 (proceeds from sale of asset)Here is the formula I am using to calculate this=IRR((A1:E1,E3))This will return a value but I am not sure if it is the correct way to calculate this because I am not sure how Excel is interpreting these flows with regard to timing.

Everything is digitized here and made public. 

My take on the area is that it is great for buy-and-hold (although you absolutely do want to be particular about the area) and a nice inflation-resistant asset that can actually cash flow unlike what I hear from Austin.