After replying to a couple of comments and really thinking about it, it's clear we offer much more value than Evolve.  

I would make sure however you are investing is clearly understood (see Norada search on BP). 

Renters see that the whole neighborhood is available for rent and they push to see who will give them the best deal (or which agent will cut them a deal). 

I imagine it's higher than a typical single family rental considering it looks like the host usually ends up paying for any damage caused by tenants due to a variety of reasons (tenant refuses to pay, damage happened in a common area and it's not clear what tenant caused it, etc.).- Rental loss - PadSplit claims they collect 97% of rents, but I've spoken to a few hosts who have said that a much larger % of their tenants get kicked out owing $500 or more in back rent that is rarely ever collected - what's your experience been here?

Clearly the buyers do not value them the same.  

@Ryon PaxHave you considered cutting some of your personal expenses to pay for the HELOC or find another way to generate added income?

If the concern is max cash out, you can cross collateralize the properties to cut down on costly processing fees.  

@Francisco Pineiro To protect yourself when working with contractors:1.Start with a Clear Scope of Work (SOW): Ensure every detail of the project is outlined in writing, including materials, timelines, and deliverables.2.Use Milestone Payments: For a $40K rehab, consider this structure: 10% upfront, 30% at halfway completion, 30% at 75%, and the remaining 30% upon full completion.

I also make it clear we will record inspections with pictures or video.I don't address hoarding specifically.

So, yes, I know the leads I am going after.And just to be clear, not too many things in my life so far have ever been easy, except to maybe mess it up, and I'm not interested in doing that, so I'd rather take the hard way.