Would this even be legal if I wished to entertain this offer, and would the majority of you just steer clear, even if they meet all other requirements?

That $18.5 thus would represent tapping into the equity that has been added. 5) The major benefit would be being able to reduce one's HELOC balance greatly almost immediately, and to also soon thereafter take advantage of borrowing on the equity that has been created. 

I’m a interNACHI certified inspector, and I’m currently employed with a basement repair company, and understand the risks and cost with those major repairs (currently doing sales).

@Collin S.I know this is contrary to the majority of the advice on this topic but my wife and I have been trying as hard as we can to do everything ourselves.

You have major advantages when you have your license, especially if you live in a very hot market with a lot of competition!

I have some insight from a local property manager on what their complex is short on and I have comp sheets of all the major players for comparison but is there a better way to hone in the mix?

I'm very new to this so if I'm missing something major please let me know. 

Here's the picture:Our church, Gilbert SDA church in the Phoenix area,  is looking at a house to buy in a county island that we will transform into our church home over time. 

Buying an investment property in a building that has an investor concentration of higher than 30% of the units is a major no-no.

I was so tired of beating my head against a wall trying to find someone that would insure properties in need of major rehab and finding them was like a miracle from heaven.