I also understand that the cost also reflect what you get and at the same time don't wanna pay too much.

First of all, we understand prices in Colorado have been rising way more rapidly than other parts of the country.

Now I am new to the real estate scene and I do have several questions that I want to mark off my list so I can get a better understanding on this.

Understand that a HELOC has a carrying cost every month.

We have only approached 1 lender (large, online only lender), but had issues getting them to understand our total situation so the amount they would lend to us was insufficient.

It's best to consult with a real estate attorney or financial advisor to understand all your options and potential implications.

We also have a meeting set up with them to chat for a half hour in order to ask questions about what pieces of our return were most influenced by what elements of our businesses... we want to understand the mechanics that made this year so good so we can replicate next tax year.All in all, we are very happy and highly recommend ProVision (if I'm not mistaken, ProVision and Wealthability are two separate businesses...

Just make sure you do your research and understand all the costs involved, including renovations and potential rental income. 

While I do not know the specifics of the purchase or exact location, I understand the Philadelphia market well enough to place this property in a lower tier neighborhood based on the ARV Mario shared.

Quote from @Reza Khaknegar:I understand.