Location limited to Texas, in or around cities like Victoria or Corpus Christi (not expensive MSAs like DFW, Houston, Austin).No particular asset type in mind, could be anything from retail to MF to warehouse or other.Renovation mostly non-structural, although upto 20% structural should be fine.Is there any particular asset type that typically requires major renovation?

I will say the property needs structural support repair so I added in 8k for that plus cosmetics for a 45k rehab budget.

He has a 400k HELOC ready to use..Question: What is the best way to structure this??

Get a good tub from a plumbing supply house and have it installed properly and it will last forever

Saying that many people do deals this way may be true, but it doesn't mean it's the best course of action or most risk averse for someone who it sounds like is still learning the process and doesn't have the basic structure yet figured out.

And real estate demand often outstrips supply.  

the way im structuring things is everything is tied into a security deposit.

If each unit already has it's own shut-off valve then the supply lines should be seperate and you can probably install these.

@Subbie Kaur: Thanks for your input and my strategy is to buy low and sell High, with that said I am in the beginning stages of investing and have a limited knowledge of the inner workings of Taxation Corporation structure so on and so on and I'm sure there will be some bumps along the way but to make a long story short my strategy is simple to make money honestly and legally regardless the end of the day make money

The 2019 1st Quarter numbers are out for Boston, Chelsea, Revere and Winthrop (Suffolk County).The average price is up by 7.8% vs Q1 2018 and there are slightly more homes on the market (+0.6%).With only 1.4 months of supply, Suffolk County is still an extreme seller's market.