It has been a commercial rental with warehouses to a trucking company for 20+ years and the tenant is now leaving. 

But it's a commercial loan, so do your homework on how to present those to lenders.

And what are the variables that need to be present to fall under the rules for commercial valuation?

I dont have access to that software, and was hoping to draft the addendum on my own using Acrobat.

With that being said, assuming you have owned this home for years and are now trying to access some of your hard earned equity through a HELOC, expect the bank to cap you out at 80% of the already conservative value they have given your property in the desktop evaluation to begin with.

learn about 1031 tax deferred exchangescomplete you financial package - 3 years tax returns P&L - real estate portfolio, credit scoreexpect to be rejected by lenders and other W-2 employees - qualify lenders, bankers, mortgage brokers - ask what products they have - see if you qualify for themlook at 20 buildings before offering on any - know the SF dollar cost - keep a journalmail lots of letters (be professional NO yellow childish communications) to owners of apartment buildingsUnderstand what a CAP rate is and how to get to it - fill out your  commercial APODVerify -verify - verify all financial data given you by sellers - sellers are liars (so are buyers) trust NO One!

Thank you Jay Orlauski for putting such an amazing event together.Also, big vouch for Brad Roltgen.Jason Pritchard (Pinnacle Investments)You sparked my mind w/ marketing strategies.Doug Dart (Sayland PM).Al Williamson (Leading Landlord).Justin Vecchiarelli (Sutton Hague).Rob Boese (Boese Commercial).And all others who spoke.

We're currently saving a good chunk of our incomes each month for a down payment on something and we also have access to a line of credit if needed for potential rehab costs.

Hi Melissa, The Auction i was in was Ending 24Hrs from My post Date, And there were Simply Too Many Houses & I Did not Have Them Narrowed Down Enough as the Auction of 6,800 Houses Closed .Although I Learned A lot throughout the  (Online Tax-Foreclosure ) Auction process, This Part/the " Legal Land Description + Matching it to a " plat Map" Really shook me and ate up Most all of my time Trying to figure this out ,As people/the County were "selling an Address" only to find out it was a Vacant piece of Land next to the home that they hadn't paid the taxes on.This was Frightening that i would purchase Something a Home only to find out it was Not a Home at All.ANYHOW , I WANTED TO GET BACK AND THANK YOU (though this seems alot of work for 1 home when looking at 100s-1000s to Analyse) Wish there were a More Accessable way for the public to match up these "Legal Land Descriptions" Rather then Feeling as if your "Bugging" an Agency for their info..Esp if for Several different properties.I will be Entering another Auction in a Week or so & (Although i will really need to narrow down my interests to use this method) I AGAIN AM GREATFUL FOR THE INFO & WANT TO THANK YOU SO MUCH, I LITERALLY COULD NOT FIND ANY, UP TO DATE,  LEGITIMATE RESOURCES,HOPEFULLY THIS WILL HELP NEXT TIME :)

You should be meeting with as many of the local commercial brokers as possible as well.