Just so I'm picking up what your putting down. 😁 Some banks will offer me the heloc on the force appreciation but I will probably have to pay the 500 appraisal fee for them to do a wall through unless I send them some comps and old pics of what it used to look like right?

So I'll be expecting your call :)Remember debt is not a determinate of gain. 

Any investors in the Vegas/Henderson area willing to let me pick their brain? 

Upon inspection, they determined that the work was not of quality workmanship and caused the system to fail. 

However you are looking at about $20,000.00 in total cost so you will have to determine if it would prove worth it to you.

Need to determine how long you expect to own the property and whether that is a good trade off.

Yep, no conventional loans, pick your poison.

First, review the financials to determine how the park is currently running and to uncover the potential inefficiencies. 

In our initial investigation we determined that we didn't want to invest locally since we live in a economically depressed area with limited employers, so we did the easiest thing and bought a turn-key property in Birmingham.

Everything starts with solid MLS comps from an agent, that will determine if it is worth looking into or not.