Distributions would then have to be taken 50-50, correct?

ya you want revolving credit @ 35% or lower typically, correct?

J Scott is correct.

I assume - but please correct me if I'm wrong - that after the contract is accepted, prospective buyer can lawfully ask to provide the payment history, copy of lease and recent Schedule E for buyer's DD and verification.

**UPDATE**I believe my initial judge of character was correct on the investor looking to sell the house.

If the property has been deeded over to one of the heirs it is no longer considered an estate property correct?

Am I correct in thinking that a HELOC is a better option than refinancing for a higher rate?

If I understand correctly, my NOI is $5397 for a CAP rate of 15%.Looking forward, I should be able to reduce the taxes to about $800 with a revaluation and market rent for 2/1s is about $550.

Also, you will need to verify the bearing capacity of the underlying native soils into which you plan to bear the piers.If my assumption(s) is correct, this type of repair could easily run to 50-100K.

Bill Gulley is correct about the agents (many of them) not knowing how to get the client prepared for finance etc.