If they were quit claimed onto the deed then the names may appear and they may need title to draw specific docs but they handle that on the UW/closing side. 

@Hernando QuinteroWe did that with a home in TN to purchase a vacation rental in FL.If you already have the HELOC established and can draw the money, you can deposit it into your account.

Otherwise you can just payoff your existing 1st  mortgage, and also get the HELOC to agree to resubordinate to the new 1st (the loan officer will take care of this for you) and once the 1st is complete, take out a larger HELOC to pay off the existing HELOC and also still have equity available to draw from. 

I was trying to figure out a CAD drawing from scratch and then figure out how to add a bathroom and split up bedrooms. 

I've not found a clear solution to writing purchase agreements here on BP other than being advised to go to a Real Estate Lawyer to draw one up for me. 

My initial offer was purposefully on the low side so I told him I would raise my offer to $130k and let's draw up the contract.He said he just needed to 'check with his partners' really quick but there shouldn't be any problems.  24 hours and nothing back from him.  

This exposes the IRA to UBI taxation at trust tax rates.Lastly, just be sure to work with a reputable attorney to draw up your contracts and record things like a mortgage via a title company.  

In that case, when you go talk to a potential partner, I would discuss that skills that you bring to the table and draw upon all and relevant skills or experiences that you may have.

They are what they are and what the tenant is paying for.You need to draw a no compromise line in the sand and teach tenants from day one or you will end up being owned by them.When they ask for something either give a straight NO or tell them they will pay for it.

have you thought about offering to pay for materials directly instead and then working out a draw schedule that is timed to quickly cover payments to subs and any payroll he has?