You are much more likely to find a multi- state licensed agent in the northeast than you are in the larger western states

A newly renovated vs a dated but well kept property vs Dated with deferred maintenance would all figure into the value. 

Keep in mind any investment in an OZ Fund has to be new construction or a "significant" renovation which is 100% of the purchase price.

I looked into sub metering through the electric company, but the electrical cost associated was WAY too high for the amount i had budgeted for renovations.

I want to be able to buy, renovate, and rent properties.

It probably has fines and violations to settle with the city, but I believe it’s a good deal due to the area being renovated.

Using the BRRR strategy - has anyone been successful purchasing with cash using a HELOC, doing renovations also using the HELOC, then doing a cash-refinance to pull the equity out of the home to repay the HELOC? 

Sometimes larger brokerages will have assistants to help with administrative tasks and transaction assistance.

Typically it is the local building and zoning with a similar rule, repairs of more than 50% are not prohibited, But if the rebuild/renovation cost is more than 50% of the property value then the property must be brought to Current building codes, which may include the floor elevation being raised to current building requirements, which is usually not feasible, cost wise.

This helps me as an investor and as a realtor, because I can more accurately predict expenses on small multifamily properties or larger apartment buildings in my target area (Berwyn/Brookfield).