I bet there's not a Landlord on here that would donate $5,000 to help her pay rent, even though that's exactly what they will suggest you do.It's OK to charge someone what something is worth.

I bet you are stuck with what you have.

I believe the best option incorporates all three approaches, in the following sequence:Connect with knowledgeable local investors to quickly get a sense for the many sub-marketsBuild a core team of capable professionals (PM, inspectors, contractors) who are goal-aligned with you and also have no conflicts of interest among themselvesDo a single small deal to establish a work process for the team and get a minor win.Make strategic visits, not to inspect rehab work but rather to strengthen your relationships with your core team.Do more and larger deals, adjusting the team as necessary.This is exactly the approach I'm in Lubbock, Texas today and would love to compare notes with you.

Higher valuation is always a good problem to have ... you just need to make some adjustments.  

Review next 30 day occupancy and adjust my base price on my listings (takes 5 minutes a week)Thanks.

I bet he does not report leaks/issues when they come up.

The seller used a public insurance adjuster who hired and oversaw the replacement.

I would bet that you have to live there for at least a year and you can probably only get a FHA once every 5 years. 

Just remember that HELOC's are adjustable rates, So always know and accept the risk that the rates may go up making the payoff more difficult.Best of luck with your project,Alex Furini, RA

You bet!