Selling a property in the first 7ish years with a mortgage is not great because the strong majority of your mortgage payments are interest and the principal balance doesn't go down much. 

I didn't notice the cost because of auto billing by power company until I sold the property and the buyer had a difficult time getting power switched over to their account.

Hello everyone,Cashflow isn't my biggest priority but I want a balance between cashflow and equity.

During the draw period you are paying 1% of whatever your balance is and it is lowering your principal and interest with each payment.

In the *rare* event a mortgage is called due on sale by the lender, typically the options are to 1. refinance, or 2 cut a check for the remaining balance of the loan, correct?

I have yet to pay the $1,600 balance.

Again, the agreement was between the bank and her... not me.If the land owner wants to receive the tax deduction, then they should refinance the outstanding balance and have the loan in their name.

But I think the fact that it may be more difficult to find a contractor or builder to have time for you may impact a premium you will pay for their service in a hot market..Land and home values go hand in hand.

you would probably then be able to collect a premium rent again and your lease terms will sync with the summer so next time shouldn't be as difficult to lease.

Keep in mind that you do not want to keep this HELOC balance going for a long time.