Question: Can you just put the money together and have them share the first mortgage?

@Denise Evans i'm having the same problem and will be putting in a complaint with the sheriff's office this week.

If you are worried that lender might close the HELOC, draw all the max and put half in a short term CD and other half in checking.HELOCS did get closed in the crash of 2008A standard full doc refinance should have $3000 of hard costs plus impounds which are not really a cost, just on going expense.

Find out how much down payment you want to put in to the project.1. 

You could get a decent US-based bookkeeper for anywhere from $15 - $45/hr depending on where they are located & how much due diligence you are willing to put in on the hiring. 

Just lost out on a lakefront 4 unit lake in Lake Ozark but I found out it was in foreclosure when I put in an offer.

Nothing is currently in an LLC--I am just now considering putting the property into an LLC, and moving forward as a business.

You need to put more down or extend the length of the balloonIn 5 years will you gain enough equity in it to be able to re-finance it---25% likely, minimum 20%.

Bottom line is that you may put yourself in a situation where the best way to maintain your tax efficiency is to keep your investments foreign for the long term. 

We took a chance buying the land over 10 yrs ago and are finally putting it to work.