Maybe their guess at what the market value is is actually what the market value could potentially be if someone (the next owner) does the hard work of getting the rents up to that value.

Are you currently working on lining up funding or looking at potential properties yet? 

Those are great areas with solid potential.

@James Wise gonna have to disagree with the "lie cheat steal" concept regarding residents.Any resident has the potential to be less than desirable.

A good team on the ground should be able to help you avoid all of these potential pitfalls. 

This could potentially meet your financial needs by itself as well as provide start up money to do flips or purchase buy and holds

Ideally, I’d be buying and selling and potentially managing properties as a job, and be working the gardens and hobby farming, potentially attending farmers markets on weekends (we both love to create things).

A potential challenge with a HELOCs is they are based on the current appraised value of your home, not the improved value, so you would need to make sure you have enough accessible equity.

When I'm looking at potential opportunity, price isn't that big of a factor.

But if you're able to figure it out and get it built, you can rent out the units and essentially BRRRR it and pull some/all of your equity out to repay your debts, yourself, and potentially keep the investment cycle going.