I'm able to assess the actual opportunity now, instead of worrying about the size, unknowns of the industry, etc.

I'm looking at buying a condo that needs a complete remodel and also has a huge raised crack in the slab going about 8 feet right in the center of the unit.There are no disclosures and the cause is unknown.

When me personally and my work was unknown by others i never got any comments good or bad.  

This is another case where education can overcome "fear of the unknown".As for mortgage acceleration, it's really too big a topic to try and fit into a forum post, but here's the "short version":HELOCs aren't borrowed against mortgages, they're borrowed against equity (the value of the property over and above the balance owing on the amortized mortgage loan).

If I understand this correctly... you want the bank to hand you $50,000 cash... and possession of the carwash... in exchange for a note of $225,000 for something of unknown value.Generally a bank will loan 70% or purchase price.

I only contest property taxes that I feel are unfair, if it's market rate, I just pay it.Now, in the email he did link me a similar house (unknown if it was a listing on their page) in the same area that showed actual property taxes being paid around that amount, I guess to prove to me that people in the area are actually paying this tax rate.

There is no way they can reasonably afford to keep enough crews or hire unknown entities in all the areas to try and fix up the homes to sell and try to make any profit on homes that are worth less than when the loan was initiated.

Bottom line is you need $$ to cover all these expenses...... you either borrow it at the lowest interest rate possible or you raise it by selling something or getting a partner with capital....... simplistic summary but its the basic situationThis would be how I look at it....ok so I borrow some $$ and it gets me out of the immediate crisis.....but I have to pay that back and it does NOTHING for my reserves for the next issue...... and there will be more issues....when and how much is unknown.

I was responding to the OP of the thread ... who's account has since been closed and his original post disappeared.What I implied in my above response is that gross revenue is only part of the picture in determining if a property is a "deal" and that even a high ratio of revenue to purchase price is meaningless without knowing the operating costs.That said, we have purchased properties (tax sales, mortgage sales, etc) where the operating expenses are unknown and the revenues could be zero (i.e. vacant property).  

I’d focus on that rather than risking $$ in unknown out of state markets.