Benefits of HELOC: 1) Give me a more completive edge in the market (as a cash buyer) 2.

It is hardly clear cut that intent and unsolicited offer substantiates short holding period.

Your post got cut off, but it appears that in this case the Board and/or management company should be able to fairly easily create a spreadsheet which would allocate the total budgeted Assessments needed amount the 24 units based on the criteria set in the Governing Docs.If you haven't done so already, let me know and I can help set that up for you (I've been an accountant for an HOA management firm for almost 10 years).

The house just needs to pass basic safety standards. 

Leaning towards 3.5% just to have safety buffer.

I'm gonna cut and paste from another thread :)https://www.biggerpockets.com/...in the middle of that link you will see "The Book on Investing in Real Estate with No (and Low) Money Down".

Tips:1. great photos2. good description. be clear what you require to cut down on wasting your time.3. 

I haven’t looked into it much as I just assumed it would be best to keep it safety tucked away.

Any concrete work around the edges will need to be broken up and removed.

Overpaying and then hoping you can either cut costs in the rehab even after you have run the estimator or sell for a higher price than the comps support is a sure fire recipe to come up short.A few things about fire damaged properties.