Good area with value add potential and poor previous operations/management.

Is there a tool to use to determine what the highest potential disasters are? 

What information about myself and my partnership can I pre-package to arm myself with before approaching a potential lender?

So basically if I’m understanding you correctly, your saying a way I could potentially use my equity is as the down payment on a BRRRR as long as it’s ARV was large enough to get my HELOC money back after refinancing?

While you should never believe their revenue projection on a specific property without doing further due diligence, I do think their data is a good baseline and can provide an eagle-eye view of areas with better occupancy, better ADR, lower supply and therefore higher revenue potential, etc.Good luck!

Check flood zones, potential environmental hazards, and neighborhood associations with architectural guidelines or fees.

Definitely something to consider while vetting out potential GP's.  

We fell in love with this house and its potential, one block from the hospital at which my wife worked in 2022.

If the lenders are ok with it it could be a great cash flow strategy.One more thing to consider is what a future potential buyer might think of the strategy.

I'm particularly drawn to the flexibility and potential for growth that real estate offers.