As Elias mentioned above i think you're insurance costs will continue to rise and while the property may appreciate as well i don't think juice is worth the squeeze.

Congrats on finishing up the rehab, as others have mentioned, make sure to document your work.Keep the invoices handy.

Watched this one and kept waiting for the point you mentioned.  

This travel expense is not a business expense related to the property you already own until you have identified the next property you want to buy (once identified, costs are added to the basis mentioned above).

Not to mention any damages to the property I will have to suffer as well.

There is a competitor in my market, talking with the owner he bragged of this model I mention above.

I’ve heard David Green mention it in a podcast recently.  

I talked to my lender contact and, as Kerry mentioned above, it's pretty uncommon that a traditional lender would offer a HELOC product on an investment property (non-primary home). 

The location all in,cost him X; he got an appraisal for the bank from CBRE national firmof XX and now the firm who called him mentioned paying XXX.

Local market knowledge is absolutely critical, and it helps to work with someone who really understands the landscape and its nuances.As others have mentioned, it’s a broad question that’s tough to answer succinctly, but I hope this provides some clarity!