Quote from @Jacklyn Robins: Sorry, I clearly misunderstood your level of experience.

@Chris Kay it depends what level of renovation you are doing!

Hammer got dropped in Highlands with some level of grandfathering to existing rentals. 

Using a HELOC can provide you with the necessary capital at a lower interest rate to fund your next projects without leaning too heavily on hard money lenders, which can eat into your profits.Here are a some actors that you would want to consider:1.

What's the activity level been like?

We have seen maintenance costs skyrocket over the past 2-3 years and every case is different but here are some general guidelines for reputable (non-crackhead) investor level pricing in our area of operations:Furnace and A/C replacement with lineset for standard 3 bed 1 bath bungalow.

On houses below $200k, the 70% rule gives you too low of a profit - you need to lower it the lower you go (ie a $100k ARV would probably be a 60% rule).

What is your comfort level? 

Shouldn’t it be at a lower multiple?”

.: If you've been around these forums a while you may remember @Justin Goodin of Next Level Equity.