You could make your exact same argument for eliminating the bank payment from your cash flow statement.

You seem like a very intelligent and hardworking person; I'm sure you can come up with a value proposition that is unique to you. 

I share this not to discourage you from embarking on this project with you as a manager, but I flip homes and have seen for myself the incredible savings in time and money that can be activated when you have the right person overseeing the project and who has the relationships with the subs that can make sure to push them and hold them accountable.

Would that just be a check or deposit in the bank that we can then use to pay down our Heloc?

@Jamie Banks thank you for your input!

I'd talk to your bank before you stop paying and see what they suggest. 

- Loan Type and Liability: Implications of personal vs.

Our difference is we "blend technology with a handshake" - we leverage technology to deliver lower rates than our competitors, BUT we don't compromise on expertise and personal touch.

If you don't want to get your lenders in trouble, pick up a copy of Lend to Live in the BP bookstore for both of you to educate yourself on how to do it the proper way so that it's a true business transaction and not cutting corners just because you know each other personally. 

Personally, I've learned an incredible amount in just the last 2 months.