You need to verify these issues, but if the property was left in bad shape it is quite possible there will be a turnover period where as things are getting settled in the issues will arise and it should plan out.

I will share the same regarding whomever I settle on using.

Unfortunately are price range right now is in the 400s which is kind of hard to come by right now in this area but we may settle for something that needs upgrades and it'll be a starter home. 

Therefore any buyer or renter that wants to live in a brand new SF would have to settle for newish or go live in a townhome

Using zillow, redfin etc, one partner paid the other 10K to settle current equity differences between the 2 properties and they dissolved the LLC.

I'm now reaching out to commercial lenders to see if it's possible (the house is just 80k).I wanted to know if getting the mortgage / loan under an LLC isn't possible, should I Just settle with the title under the LLC?

I dont know if many people will know both markets, but I think Milwaukee is full of young professionals, who have plenty of energy and are planning on settling down here.

Once you settle on price, you can determine what type of rates, down payment, and loan structure that makes sense for everyone. 

Personally I wouldn't have settled for anything less than an arrangement like this that was specific and pretty iron clad.

If you aren't using the funds, you may be subject to a monthly or yearly inactivity fee during the draw period.Additionally, if you sell your primary home while you still have a HELOC in place, do lenders typically allow you to pay the HELOC at closing, or do they require that to be settled ahead of time (possibly impacting your ability to sell if you don't have the cash to pay off the HELOC amount)?