The only downside to the HELOC is that many of them have a 1% minimum payment on the balance used until you are out of the draw period.

Can you review an Operating Agreement as it pertains to the tax implications and partners' capital accounts?

Anything not projected to last a minimum of 5 years is replaced/upgraded.  

Where I am worried about is having a high minimum monthly payment after I, lets say, purchase a $100,000 SFH all cash.Let me give some more data:Draw period = 5 years; where at the end I can either re-apply to extend the credit, or enter repayment period of 15 yearsInterest (as of today) = 5.75%Min monthly charge factor = 1.0748% of unpaid balanceSo with the example of $100,000 SFH purchase, at month #1 my payment would be $1,074.80.

He mentioned that he couldn’t legally sign a purchase agreement with me if I’m not the actual buyer? 

I am sure they have involvement.It is not about who actually makes the payment... but who the agreement is between.Similar scenario... 

looking for rental agreement forms

-Do you have a good property manager, or at minimum, a good handy person there?

That has not happened to me.I would like to talk to a real person and suggest we come to an agreement.

I'm needing some advise:  I currently have three sfh investment properties. I'm purchasing a 4-unit property and have several financing options.The first is a seller financed deal that looks great at the start. Rate i...