That's a good example of a 'healthy' mortgage market albeit fairly astonishing that banks would consider the revenue data accurate and consistent enough to lend on.

The market rent needs to be around $1,800 per side and no more than 2k a month (depending of finshes) I'm having a hard time getting someone to nail down a price on construction cost.

it's a good, but tough, market to invest in.

I live in a cheaper market with a lot of sub-75k properties.

They literally wrote the book on midterm rentals and cover how to analyze markets.

I still haven't gotten the link for the new portal so I can't see the lease for the tenant and I haven't seen any money come in for August rent (PM get full first months rent so I wouldn't have gotten anything for July).In June my PM found me an off market deal and his contracting business is doing the rehab (which he's done for me before).

Yes, Builders have a lot of margin that they are working with typically because they set the market and manipulate the home prices.

It is not on the market but I have an investor who is interested in purchasing it. 

We’ve been serving our clients for 18 years and have generated over $300MM in profits by investing in the Jacksonville, FL real estate market for those clients.  

With the economy and market as they are, should I continue aggressively paying down the HELOC to potentially borrow against again or should I just pay the Interest Only (IO) payments and seek other funding at the current day higher interest rates?