I love opportunities where you can purchase an item below what it would cost to build it.

It's usually pretty obvious (like in the photo below, or perhaps a meter that is completely missing):If you find that the tenant is doing this, you should call the utility company immediately. 

See Below for info on protected classes. 

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The purchase price and/or Rehab cost would have to be lower.  

. - How does my HELOC factor into my calculations below? 

There was a 2 acre field next to this house on one side and a private road's gravel parking area on the other but the neighbors wouldn't let us use them.

Hi Ryan,I don't have any of your paperwork, so the below is speculation about common causes for this type of confusion.- Lenders do not preapprove for loan amount, they preapprove for purchase price after validating that you have the necessary down payment, etc.

The premium depends on the value of the property, so if it is very cheap dirt then the premium will be low. 

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