I guess I should wrap this up, I apologize for the length of this post.I can't wait to start talking with all the BP community, and to start meeting with some fellow Dallas people!!

As you probably guessed, this is my situation.

I'm guessing there is about 20k worth of work left.

I guess it depends.

thx for all the info i plan to start doing the drive bys next weekend for now i am looking on GPSat the different areas that the homes are available I'm thinking massapequa because its not to far out from the city and i see a lot of big boats out there so i basically for now because since I'm not to familiar with real estate on long island I'm looking to see which houses have the biggest boats in the back because I'm thinking the more big boats the more rich people and possibly the demand will be higher when i do decide to flip the house... i guess ill pick my houses first and than look into the municipalities that they are located in because i plan to have a list of 5 or 6 homes that i WOULD BUY but just buy the one that is at the best bid because i don't want to do all the homework and get into a biding war over one house so i plan on having a range of options so i don't overpay or walk away empty handed

welp. guess my estimate was way off than

I guess the postcards hit today and I received so far 38 calls ( some no message but I'll call them back too). 

I guess my main question / concern is where to start?

I guessed it was a spring or well feeding water into that basement, but whatever it was I didn't want to be the one to have to figure it out :)

My guess why people no longer have there HELOC is that they used it to get their start and now no longer need it as they have funds from there properties available to reinvest.