Though I don't expect it to persist, I suspect that they will certainly exceed that of a Class A fresh rehab or new construction. 

For streamline 203k, the repairs could not exceed $35k otherwise I would need a full 203k which would require me to use a consultant at an extra cost (in hindsight that might not have been a bad investment - you'll see why).

You'd really need to run the numbers to see if the overall interest savings on a new loan would exceed the total cost.

Based on the 2% rule, the purchase price shouldn't exceed $42,500.

@Sam Leon I would not replace a 3 month old appliance and I would only consider allowing them to incur the expense if they are outstanding applicants who exceed the 3x rent income rule by far and accept that the upgrades will stay when they leave.It sounds to me like you need a new dishwasher and you have a tenant who is willing to help you replace it!

I know the max is like 35% of estimated ARV, not to exceed $35,000.This is obviously all new to me and clearly I don't yet know what I'm doing, or at least I don't feel like it.

If you know anything about business accounting, you all know it is perfectly possible and legal to show little to no taxable income (though depreciation deductions, section 179 deductions, left over net operating losses from past years, milage deductions far exceeding actual cost of driving, business use of the home(home office), etc, etc, etc) yet have decent cash flow coming in.

And to what loan amount does that exceed to?

If the bid exceeds the total due on the HELOC, then excess proceeds will be delivered to the lien holders in succession.

Tenants can pay more than they are alloted, so long as rents don't exceed 33% of thier monthly income.