Does this make sense?

This is a common practice in SRF.

HELOC is common.

There's 2 common ways to get this money.

While everything about the particular unit we toured looked great, we don't want to get stuck doing a special assessment once we move in to fix all of these problems in the common basement.

Once you've got more income rolling in and more savings then maybe it makes sense to get that first property. - Just updated this when I Re-read last post and saw that you have 9k in savings.

But as you're looking through properties, you can use the 2% rule to narrow down your search and get a sense of whether or not something is a "good" deal. 

Of the ten most common reasons agents get sued, one is FRAUD and the other is misrepresentation of value.

Then do the math and see if it makes sense to do the upgrades or if it's better to just sell as is.

Common sense is telling me $135,000 but am I missing something?