I would shoot him a text and follow up with a letter through the mail to be 100% sure if I was concerned.

I also looked through the monthly letters that he's sending with the updates and they are basically the same (March & Feb are identical).

Welcome to the community, Evan!

This area is going to grown big in next few years.

Both properties have a substantial amount of equity that’s essentially sitting idle.Would it be a good idea to tap into this equity (through a HELOC, cash-out refinance, etc.) to fund future fix-and-flip projects or purchase additional rental properties?

I don't want to try to predict the next "hot market" or "hot asset class."

I was one of the lucky ones who bought a house during covid and got the best price and the absolute best interest rate... so, I'm never letting this house go! 

Let's chat soon and see if I can help you think through that strategy a little bit more.

I think it would give it a little bump in value but it all depends on the buyer.

The reason sellers cannot sell these properties through the traditional market is often due to certain issues, and 98% of the time, these issues are not beneficial to you as a buyer.