I just got approved for a HELOC on my primary residence and was looking to use it to fund my first rental.

Trying to figure out the whole funding thing, reading everything I can on options throughout the BP website and binge listening to podcasts!

This interior change forced us to consider the short term rental market and how it could actually be a desirable feature for this market where a group may be interested in renting both sides like adjoining hotel rooms.Our total cash into the renovations was extensive ($95,000). 

Hi BP—Since this is my first time doing a partnership, I need some advice on how to fairly structure the split....I'm coming in with 100% of the required funds for down payment, rehab, and mortgage from my SD IRA and my partner is bringing the deal, his network of contractors and property managers, and his own time and labor to help with rehab basics. 

I don't know if that is possible/desirable for you. 

Higher interest rate means less buyers with commited funding, so less competition and more bargaining chip with seller if your one of the only few that can close on properties.

Sometimes the HOA fees (essential the same as our Body Corporate fees for units here in Oz) can be very high and out weigh any cashflow benefit of the rent.Getting funding can certainly be harder but not impossible. 

That way you could use the money that you would be paying for rent to fund your next deal.  

I will use existing rental income and income from my other business (ice cream shops) to fund the repairs needed.

My desired outcome would be to have them exit the property as fast as possible if they are unable to finalize the sale.2.