I am in the process of trying to enter a REI partnership with two close childhood friends.

You'll want to be in markets where deals beginning to end cost 20k - 25k for maybe a 4 - 6 month project close to close. 

The rate quoted was 8.875% so I really want to stay close to that as well.

DSCR loans will need 25-30 days to close. 

My current APR is 7.15% I'm pushing towards the HELOC because lower cost on closing costs and refi interest rates are the same as my current loan right now. 

Most banks and traditional mortgages "Do not" allow foe the property to be vested or quit claimed into an LLC unless it specifically states it on the closing disclosures.In most cases even on DSCR loans the Bank/Lender still requires you to sing a personal guarantee even if they allow the loan to be vested into the LLC.  

When you refinance for a lower rate, you'll need to pay all of your closing fees again (title, escrow, insurance, origination fees, processing fees, etc).

Are you okay creating legal documents on your own without a lawyer/attorney and just asking advices on a forum?

.), but close enough to the St Aug downtown that ppl can get there easily.  

Every single ticket I've submitted I chose the option to contact me instead of the tentants, but instead they send the tenant a text and an email then close the request because my tenants have no idea how to respond (their emails are super vague and my tenants think they are spam).