I believe the value would get passed to them and the current market rate. 

Even if you get a great deal that is 20% below market, appraisers will typically be anchored by the last sale price and you may be stuck not being able to pull out as much cash as you need to pay off the HELOC.

I have a feeling my entire local market is going to be the same outlook to make their over value seem reasonable to themselves..Do you or they, control the future?

I.E. you know the area better than others.Is there a short-term rental market where you vacation at, where you went to college or where you grew up in?

The investor wants me to come up with a few options for how we can partner on a future deal (coliving home in the Cleveland market).

For now, I'm mostly focused on identifying the right markets.

I'm looking for ways to invest in up-and-coming markets in Southern California, such as in San Bernardino County and Riverside County.

With a HELOC being around 9% I'd probably be paying more in interest than the money would make in the stock market.

The markets have changed quickly, and what worked 5 years ago may differ significantly from what will drive success today.

Austin is a fantastic market, with its growing tech presence and vibrant culture, making it a great choice for your future career.