You'd have to be a builder to really reap any sort of profits from an area as such. 

The short answer: Absolutely, yes, but with a few nuances to consider.

How did you add value to the deal?

If it's not selling, you need to lower the price.

I have decided to look into a heloc, I'm a bit newer into realest state investing, I have completed a couple of fix%flips this year, I currently use hard money for the purchase with 10% down and I cover 100% of the rehab, with that said even just doing a couple of homes at a time, I find myself around 200k out of pocket, I think it would be a bit easier on myself and wife if we utilized a heloc vs just cash, my primary should appraise around 1.1m and my mortgage is 640k, I'm looking at pulling about 250k for a heloc, I don't want to refi the home and cash out as I only want to pay interest on funds as I use them ( I know I won't always be using the heloc cash) Any advice or even knowledge for people in a similar situation, and anyone have a referral for a Heloc?

First there is no reason to buy a Townhouse "all cash" instead put 40% down and reap the benefits of an extrenly low rate, No PMI and the option to escrow.

@Hans KimWelcome to Bigger Pockets.

It's typical to sell 40k programs to people after the free or low money get together.

You need to find out exactly what you bid on.

so you need to be going to meetups, getting to know investors who source off market deals, getting to know investors who want agents to list if and when they need to list for any reason, etc.