Billboards are new animal to us & their potential is a gray area to me. 

Tom Wheelwright’s WealthAbility is a full-on SCAM with shoddy ‘business practices’ that needs to be investigated for consumer fraud!

You want to have a discussion whether the property is considered 'active' or 'passive'If it is active, you can potentially accelerate the losses to offset your other forms of income.

It is potentially possible that a scenario would not get automated approval through Fannie's automated system call Desktop Underwriter (DU/DO) at 75% but would at 70% but again if that was the case it should be explained that way.  

Good area with value add potential and poor previous operations/management.

Is there a tool to use to determine what the highest potential disasters are? 

While you should never believe their revenue projection on a specific property without doing further due diligence, I do think their data is a good baseline and can provide an eagle-eye view of areas with better occupancy, better ADR, lower supply and therefore higher revenue potential, etc.Good luck!

What information about myself and my partnership can I pre-package to arm myself with before approaching a potential lender?

So basically if I’m understanding you correctly, your saying a way I could potentially use my equity is as the down payment on a BRRRR as long as it’s ARV was large enough to get my HELOC money back after refinancing?

Whether you are a seasoned investor, a real estate agent, or someone who has successfully navigated these waters, your input would be truly appreciated.I'll go ahead and start by sharing some of my best practices.