I'm pretty sure that your HELOC should have a cap for how high the adjustable rate can go. 

There may be an adjustment on the horizon or not but for now flipping is becoming a much higher risk.

That is only because I have done so many deals that I know what I'm looking for and how I need to adjust my offer and rehab budget.

.- Landscaping, add nice garden up front, trim trees, remove overgrown vines from house siding- Remove old walkway and replace with new right angle walkway to driveway instead of street- Fix up front porch, new concrete probably- Repair any problem siding- Flooring has some unevenness, joists in crawl space/basement need to be added or adjusted.- Exterior paint, interior paint - HVAC and water heater appear new, roof appears new- Interior has some water stain marks, replace drywall patches- Replace kitchen with modern cabinets, granite, appliances- Oak floors downstairs hopefully can be refinished- Replace carpet upstairs with composite flooring or nice carpet - stairs are carpeted!

When the markets adjust you will be stuck with a money pit. 

We wanted to make a suggestion to them of possibly evicting the tenant, making a quick upgrade (the house is in a pretty good condition), then find a new tenant and adjust the rent accordingly.

Assuming you've had the properties long enough you probably have a feel for what to adjust based on the its "personality".

Initial Escrow Payment at Closing $0.00 01 Homeowner's Insurance 02 Mortgage Insurance 03 Property Taxes 04 City/Town Taxes 05 County Taxes 06 Aggregate Adjustment H.

5) Is it ok to have a minimum purchase price with a right to reappraisal at lease expiration to adjust price to current market price?

One of my properties market rate = $2600/year, and is more than my fire insurance.I have seen people get an adjuster out and if it's proven your property is above the flood plain, the requirement can be removed.