Most HELOCs are held in portfolio and as such do not trade down to the street all that often.  

These causes of action and damages waived include, but are not limited to negligence, conversion, theft, trespass, assault, or any other cause of action under Texas statutory or case law.

Get some real estate knowledge before taking action.  

An option is, to pay a contractor (assuming you could find someone who knows how to) or estimator to give you an accurate / detailed estimate, separating materials and labor per trade, to verify your rehab costs.

If you can't get code enforcement action with the HOA, you couldn't have gotten it without the HOA.  

Mortgage interest on your primary residence is not deductible, the trade-off is there is no capital gains due on the sale of your primary residence.There are many more subtle differences, but this gives you a starting picture.

No need to trade out of one unit that is gaining equity and riding appreciation only to buy an overpriced asset in it's place.If you are ever in the Portland area let me know.

Church leaders, professors, soccer moms, retired trades contractors and the only RE experience or assistance might be from a Realtor who volunteers for the feather.

Mike,Good luck on taking action with your first wholesale deal.Mark~

Joe T. good to see a young guy like yourself getting into in and taking action early!