I recently purchased a house where I plan on adding a home addition.

There is also the chance of offering covered parking at additional cost to tenants, storage, charging utilities back to them if they are not currently, etc. 

Now I want to refinance the HELOC so I can pull out the additional equity that has increased over the past few years since I opened it. 

You can request the HOAs budget and financials to determine if it's reasonable or not.In addition to landscaping and pool, an HOA is also required to carry insurance on both the property and the board of directors' E&O insurance. 

The purchase price is $85,000 but i can get it for $80,000 or less right now its a 1 bed 1 bath but it can easily be updated and turned it to a 2 bed with an addition and the avr is $260,000 for this area and its an excellent area and can deff sell extremely fast she sends me these deals at least once a month some good some ok but always at least one thats smoking 

And based on feedback from open houses, I’m adding in additional pantry cabinets, for more storage.Any advice to help sell quicker or if this is typical for oaklyn area please let me know.

A good association will plan for necessary maintenance and repairs and try to keep any additional assessments to a reasonable level.

To back up that belief, my wife and I dedicate a minimum of 10% of our income to giving each month, and we also make additional one-off donations as well to charities that positively impact our local community. 

The tenants are not going to care the addition is not permitted.

Lastly, we would like to raise additional money?