I'll bet your current interest rate is much lower than what they are offering you on the HELOC.

I build new construction duplexs, althought at a much lower size then yours (1800-2450ft2).  

I agree with Mike, having a real estate attorney will most likely be your best bet.

So, screening too stringently in some of those lower income neighborhoods could substantially reduce the size of the tenant pool for you, to the point where you might be searching for the proverbial needle in the haystack.

My appraisal was also 10k more than my purchase price however I wouldn't bet on appreciation when it comes to Indy.

I'll bet the real definition hinges on whether she holds sec. deps or rents, even if it's for one minute.

Quick question for you.I came true a flip deal, the numbers runs good, but they do not give me any option period.Should I go away or try to bet in a black box?

Residential property on a street with similar lot sizes. 

Depending on the size of the deal that wholesale fee may be nice enough to just cut and run and play in your own backyard like Steve said.

MartinMy dad started in the land business in the Santa cruz mountains  Loch Lomond area in 1964.. bay area folks were buying lots for weekend homes.. ton of land in those hills. and if your lucky enough to score a mid size acreage with redwood you could log it as well and make a bunch.