I believe there are different Heloc's out there but under normal circumstances paying down any amount on a Heloc, would indeed make funds available for use again.My question is dealing with Heloc's, and I don't mean to take the focus away from your scenario @Scott Ellis, but I wonder if using a Heloc has the same effect on your DTI and credit score as any other debt product?

My education and success are 100% a product BiggerPockets and my Hustle.

Sometimes a realtor will have firsthand knowledge and more in depth of transactions than an appraiser.If an agent only shares data that indicates a higher value then you could see an minor increase due to the information available.My advice is that if you know the market- both geographically and by product type- then you don't need an appraisal.

By luxury I mean homes in the 3 to 5k sf size that are being marketing as finished product for $1.2-$1.7M.

I have done some multi-family, custom and production work.

@Justin GreenI have a house with asbestos shingles and they are a 100 year product. 

) That is inefficient, not focused, and wastes time and production.

I am currently enjoying being a stay-at-home-dad for our 8 month old daughter while working on business projects such as developing an app and a couple of small products.  

If you get somebody who doesn't get excited about doing one and tries to direct you to a different loan product (like FHA), find somebody else.  

This one by the late great Jack Miller is $5 and is so comprehensive that you'll feel like your stealing it for that price https://www.cashflowdepot.com/education/products/b...