SOME (not all) lenders providing HELOC's will only require a 2055 drive by appraisal, while many will require a full blown 1004 interior appraisal and if there is any deferred maintenance that impacts health and safety, will require (Should...) it to be repaired before they will lend, bringing you right back to the issues associated with conventional loans/financing.

Some things to note that most are unaware of about BirminghamMedical drives our economy.

Drive for dollars.

My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth.

Drive a nice neighborhood and get out of the car and talk to the General Contractor of the nice house that is being built.

This location is on the edge of the town, but within reasonable driving distance and has a university bus stop.I do not know why there were $15000 in maintenance last year, but i will find out.I have some major reservations since there are a few uncertainties about this one, but I was hoping to get the opinions of more experienced investors.What concerns should i be aware of?

Our growing family is our driving force to be successful in this market.

I'll be at the beach in NJ this summer, maybe i'll drive up and explore this "Gardner's Basin"

. $20-30k in improvements based on a simple drive by viewing. 

The business plan is to grow the number of flips from there and eventually move into the rental market.