(ie would he have to actually own this house until current market value catches up or something dramatic happens where he can't make the payments??)

Rents for houses however have risen dramatically, close to 50% in the last 3 years!

If for example the SP500 PE average is 30 this year, and drops to 24 next year it would have a dramatic effect on the price of the stock.Conversely if you own real estate you are more inclined to be concerned with the actual cash flow as opposed to the valuation overall because your timeline is much longer (generally).  

I think part of the problem falls under the heavy amount of incentives....take those away and I bet production cost will lower dramatically, I wouldn't lower cost if I produced solar in the current situation :-). 

The goal is the bump up NOI at some future date thus dramatically increasing the parks value... then you flip it.Never offer for non producing assets like vacant land.  

The MM program has changed to dramatically since I first got involved but nowadays I really don’t have the time to participate the way I would like anyway.

Also we want to fill in those vacant units to decrease the vacancies and stabilize the property to increase our NOI dramatically.

This is an old house, so I don't want the property tax to jump dramatically where the percentage is being taken into account as today's market rate, when I own 50% of the house already.

The situation is as follow: (This is a three family home)1) Seller has defaulted on his payments.2) Seller's credit has dropped dramatically.3) Seller wants out the house and is motivated to sell at a very low price he wants to pay the difference of what's owed to the bank 200k.4) The property need serious rehabbing (Electrical, and maybe plumbing).I really want to take a shot at this, but need a way to carry out/ structure this deal.

When you pay off the HELOC with the loan,  you should see a dramatic increase in your score.