I've had several stop by already, but most of them are wholesalers who are trying to get an already discounted property for an even larger discount.

I was thinking of getting a HELOC for renovations and use the rest for investment.

In 2015 I re-opened my renovations business when one of my main guys that did that work for me at the store request it. 

I don’t necessarily expect every dollar spent on renovations to translate into a dollar increase in property value.

What is the effective age of the building you are buying IE. when was the last full renovation?

The larger 18x18 kitchen porcelain tile was something we picked up cheap (if we took the skid),  but it didn't have any product information on it (Made in Italy).

I help manage the entire process from acquisition, renovation, tenant leasing etc. 

From my research there are better markets that are offering higher yields and larger day 1 equity.

Upper bathroom renovated with heated floors. 

This has proven ineffective as most of these properties' income can barely sustain themselves [even with a "larger" (20%-30%) amount of equity down] and the ones that do have worse returns and higher risk than if you were to put money into a CD, for example.