I am inspired by how everyone on this forum has gotten the ball rolling on their path to financial freedom through real estate but I am quite flustered & overwhelmed on where to even begin.

No one can do a better job objectively analyzing the similarities and differences in your units and the market as a whole- as you can.Rent-o-meter is living 18-24 months in the past in my market... in this "balls to the wall market" that is a HUGE discrepancy. 

Quite a few homes around Ball State University that would be perfect for that, but they'll typically need rehab work.

Understanding the appraisal process arms us with the knowledge to offer a fair (not low ball) offer to get the other side to open up. 

Then leave the ball in their court.

@Dante Fortson I understand glamping but PLEASE put a paint ball course there https://youtu.be/I0kzzpKhJX8 (like call of duty style) lol

I think a week is a little out of the ball park in most cases. 2-3 weeks is more of a realistic time frame with private money.

No one can polish their crystal ball and give you an exact answer.The second issue is the HELOC line of credit probably has a maximum life cap of 18%?

Capital gains in furs it's an investment and investment in real estate terms means rental...Is by land build a house rent for over 12 months gets you long term capital gains.

In that example I wouldn't expect $75k to be the exact cost of repairs, just an acceptable ball park figure.