@Russell Holmes is spot on with his assessment.

When my local government feels generous enough to forgive my property taxes , water bill and front footage assessment , I may think about it . 

Pay back LOC to $0 set back property reserves and have a fair lump sum to add to LOC to get the next bigger and better deal, scaling up each time.Does anyone have experience assessing some of these values?

Personally, if I had a contractor who understood value adds and simply was giving me an honest assessment of his opinion every once and awhile (without being pushy), I think I would be very happy with that...especially since he's providing quotes at the same time.

But Before you accept an oil tank "as is" I'd do a careful assessment. 

While searching through some properties in my focused region, I came across a foreclosed property that was listed for ~$148,000 at the end of last year by Auction.com, but was later bought in Jan 2020 by FV-1 Inc for ~$13,000 (according to county assessments).

Assessment is $155k now. 

You heard that right, our CU used the assessed value of the house and was able to fund it with a 90% LTV ratio.

I would find out the products they offer to see if its compatible with your deals.If you dont have a deal under contract, it will be a broad view until you can talk specifics.

@Todd Rasmussen - Well, I'm assuming I will make money on the refi after the rehab has been completed and assessed.