What I want to do with it, really depends on the condition and how long all of this takes.

They'll look at condition of the building, value relative to other similar properties and strength of the local market.

This says 8-10 years but not in a rental condition and not cheap carpet. 

But, more importantly, the unit was in poor condition and I didn't think anyone should have been living there. 

Then i could refi once i get the house in a livable condition.

Then i could refi once i get the house in a livable condition.

I have a conditional approval for $10,000  to complete work on a fix and flip I started, and had to stop because of the hidden damage I ran into.   

I am a social worker with my MSW and my husband is a real estate attorney.

That's actually a great example of how much terms/conditions vary on HELOCs.One thing I don't see specified, which means usually they're more conservative in this area, is CLTV.

Unit is in good overall condition, one interior door is damage, and a few small holes - $32K MLS-2180280482123 Dawnlight Ave - 2 BR Flat - Rented $615/month - Great condition, home has been converted to baseboard heat.