I figure 7.5%.You have to account for CapEx, even after a rehab. 7.5% is a safe bet over time.Insurance looks high.

I'd be willing to bet those cameras can all be accessed by people other than the end user.

I agree with @Karan Malhotra Long Island is a pretty decent bet with those resources.

I’m also willing to bet that the people who are too cheap to structure their businesses properly are also too cheap to buy good insurance.

He says most investors lost their shirts mostly for one of three reasons:- too leveraged and/or had short term debt- they were betting on appreciation and were not cash flowing enough- they didn't have adequate cash reservesThe theory is to protect yourself against these three things, and you'll be as safe as possible in a market correction.

I am betting they have no other offers or else they would have just taken it instead of playing email tag with me.  

(By the way, what are my best bets with getting a good deal on a HELOC? 

A low down payment conventional or FHA will probably be your best bet for meeting your goals mentioned above.

Thus minimizing the risk of being left with dead currency.Basically if you view Real Estate as a currency of it's own, I'd say it's one of the safest bets.

Blocs probably best bet for you if you have great credit