We are almost at the peak , if not peak , of RE cycle in this are (by just historical data). 

Some of those have recycled back into the market with a lower price range but still with loan contingencies, and some have given up and gone the rental route for housing. 

Now if only they'd ditch those ugly trash and recycling cans ; >

If you want to get more precise, you can put several into a spreadsheet, spanning multiple decades (which cover multiple RE cycles with both peaks and troughs), and compute average long term CAGR.

We noticed there was some caution tape surrounding something and a recycling bin covering up a hole...Not the greatest pictures, sorry.I've never seen anything like it.

The entire structure and all components are newand the dwelling features no physical depreciation.Note: Newly constructed improvements that feature recycled or previously used materials and/or components can be considered new dwellingsprovided that the dwelling is placed on a 100 percent new foundation and the recycled materials and the recycled components have beenrehabilitated/remanufactured into like-new condition.

Your HELOC is "as good as cash" and has the added benefit of not accruing any interest when it isn't deployed, unlike a refi.Your plan is to use the HELOC money for BRRRRs, I think that's a winning strategy to keep recycling your equity. 

Here are some things to consider:Most of Cityfheps are coming directly from the shelter and with my experience it’s hard to vet them since they want to be out and you do not consider income and credit. in general they are not used to keep an apartment (recycling, cleaning etc…) since they do not have any responsibility at the shelter and some of them stay there for years.The city will mail you the payment and usually it’s twice a month.

https://vagabondish.com/mexicos-recycled-concrete-tube-hotel/Basically I've been hired by an investor to help build out a number of "tiny house" hotel resorts in Upstate NY.

Recycling does pay, and can pay well.