I told the buyers the garage might not be ready in time but we would escrow funds and write it in the contract.We tore the old garage down and pored the pad.

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!

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. 

My house is a block from a catholic primary school, convenient to a small private college and seminary (divinity school), not too far from freeway access, and a couple blocks from a major bus line (that serves the college, divinity school and downtown).

Do you have any recommendations for classroom training schools?

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. 

Google maps is showing that (the area I'm looking at) is only 25 min from downtown Raleigh.Redfin "market insights" show that the Wendell home prices per square foot have risen 12% since last year (not sure if this is trustworthy data)...I can't find year-over-year info about unemployment.In other news, Wendell Falls is still developing (commercial and residential properties) and a charter school is said to be coming to Wendell Falls...Thoughts?

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