I'm one of the few people admitting to anticipating a real estate crash, probably a market crash, probably a devaluation of the dollar.

They will likely know of your property, or at least be able to get an idea and let you know what they are seeing in your market for your quality of space.As for how to calculate, there is no set strategy.

; what is market value? 

I hear a lot of investors complaining about the Philly market and saturation in specific pockets, but early there are still people making money on these deals. 

Total rehab on this was about 10 months. 2 months were prep and demo, 8 were actually construction, then the last 2 months we marketed and leased the units before refinancing. 

Ive met with sellers who cant go on market because they cannot afford the commissions or don't have enough equity to cover the cash offers flip investors submit.

The market rent puts all three together at approximately $2900 monthly.Costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP.

I actually just did a dscr loan to pay off the hard money I borrowed on the second property (where we live and rent the actual house) I estimate the appraisal to come in around $215-280K which if I were to take out 80% would barley give me enough to buy anything in the FL market and have cash left over for renovations.Not sure if im missing a step here or if it might be best to buy an auction home with that cash to flip and have more capital to have more deal options. 

HELOC are generally balance sheet meaning the loan is held on the lender's book, not sold into the secondary market.

I'm interested in learning more about the MTR market in Philly as well @Jamie Banks.