There are several details on a HELOC the 2 biggest with PENFED is max of 400k and max of 3 properties owned.

To me it looks like you have to add in hypothetical numbers (estimated monthly repair costs, vacancy rate, etc..).

Is there an article anyone can point me to that offers more detail/better illustration of what recapture is?

If anybody would be interested, or know someone that would be, let me know and we can discuss more details. 

Also where did the rent estimate come from?

You need to learn (at a REIA) how to look for issues, estimate rehab costs on a fast walk through. 

here is my home for sale. i think its priced right by watching and see the other homes in our market. but first weekend on the market ive had 1 offer and 1 showing. my agent said we should have 4-5 showings our first weekend. he indicated the price may be to high. i really dont know. the only other housing available to buy in this price range is manufactured homes or early 1900s small homes. please tell me what direction to go. the offer was 20k less than my asking price. she is a first time buyer and only approved for that much. https://www.realtor.com/realestateandhomes-detail/6042-W-New-Hampshire-St_Spirit-Lake_ID_83869_M26588-85211?

here is my home for sale. i think its priced right by watching and see the other homes in our market. but first weekend on the market ive had 1 offer and 1 showing. my agent said we should have 4-5 showings our first weekend. he indicated the price may be to high. i really dont know. the only other housing available to buy in this price range is manufactured homes or early 1900s small homes. please tell me what direction to go. the offer was 20k less than my asking price. she is a first time buyer and only approved for that much. https://www.realtor.com/realestateandhomes-detail/6042-W-New-Hampshire-St_Spirit-Lake_ID_83869_M26588-85211?

We could use more details to help give better advice, but the real question is determining whether or not you have a deal.

This one is easier as there's natural gas lines and I can just convert it over but still pricey ($5-7k)The seller doesn't have the funds to make the repairs so I'm trying to find a way to make this deal happenWithout getting bids, I'm estimating about $15-20k for rehabbing these items (FEEL FREE TO TELL ME I'M WAY OUT TO LUNCH)....this is on top of the $5-8k I budgeted to put into the interior.I'm not a flipper and was looking at this as a buy and hold cash flowing property.Looking where to go with this one:A) Reduce offer by $15-20k to $155k- Cons: I'm going to have to find a loan as I need my capital for other purchases in the hopperB) Reduce to $160k and get $5k in closing help- Cons: I'm still going to be out of pocket but b/n closing help and reduced downpayment would be able to get most of the work done and just put the rest on a credit card and use the cash flow to pay it down over the next 12 months.C) WalkD) Other options???