The checking account will draw against and pull from your line of credit to deliver your funds assuming your line has availability still (debit to line and a credit to your checking account).I’ve experienced , utilized, and have monitored how these tools work for over 10 years+ in practice and operation. 

That’s why it’s usually better to clarify those points first before scheduling a consultation.

Always consult with your attorney before you rely on the above information.

DM @Jaycee Greene for a consulting session, it'll be worth your time!

This would likely require a written agreement and may have tax implications, so consulting with a tax professional is a wise step.Alternatively, you could consider purchasing the condo from her at a mutually agreed-upon price.

., rental improvements yes; new primary down payment, no).Always best to consult with your CPA to run your numbers, so you can choose with confidence.

You should definitely consult a professional before filing to ensure you do things properly.Best of luck,Clayton

I would consult with a real estate attorney on this question.

I just finished a consultation with a rental owner that said something similar about cost seg reports and followed it up with "this stuff can't be that hard."

I focus on bookkeeping and financial consulting specifically for real estate investors.