I think HELOC is tax deductible for up to $100k on primary residence’s home improvement.

If you're still searching for a place feel free to reach out anytime!

Also note that you have to improve the property, land, etc. so if you purchase a home or business for say $10,000 you have to also put a minimum of 10K into it for improvement.

I’m searching for my first investment property (Duplex, live in one rent the other), and my stomach is in knots.

So the repair would have cost roughly $452 - $481 based on the data I was able to uncover.Per a search on BestBuy.com, the cost of a new range is roughly $500 + tax + installation given the current Black Friday discounts.

For example:  The sales price is $120,000 the rehab is $30K and the after improved value is $210,000.  

In sum, you need to make some pretty substantial improvements (like almost razing the original building).

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Not be answered on here, but why can your credit not be improved over the 12 month span of the HM loan?

Unfortunately, it sounds like you would be throwing good money at bad if you try to do any improvements.