Cash invested - $55k, Appraised Value - $128k, Rent - $1150/mo What made you interested in investing in this type of deal?

I would greatly appreciate any advice you all may have for me.STATS for property & self :-Primary SFH since 11/2018-No other loans (no student loans, personal loans, or car loans)-Credit cards: 4 in total with zero balances -W2 employee Questions:-Is it better to get a home appraisal before applying for the HELOC, so I know a more accurate estimate of equity?

If you go this route make sure you get an appraisal on the property marking the day you leave.

Assuming the house appraises for what you bought it for, and you have the credit to qualify for the loan, this should be pretty easy.

@Charles Jessup  Not enough information yet.Has the lender completed an appraisal? 

Is this number safe to assume as equity in the property or will the bank come and appraise a different value when determining a LTV?

I do understand that I need a VA appraisal and I was hoping my lender would be able to get that done ASAP (before my 10 day option period ends as I'm nearly through underwriting for negotiation reasons).

Or is it based on the equity, appraisal, and ARV of the rental?

I’ve looked at appraisal district site and have a first name with last initial.

I've done my research on modular homes and now know that they appraise and appreciate just like normal homes because the only difference is they are built indoors to save costs and be quicker.