One thing to do if you have concerns is animal control needs to be involved.

Would you have any concerns that this might be construed as a consumer loan since its an owner occupied residence and was so when the investor LOANED them the 2nd lien funds?

I have some concerns and challenges and was wondering if you would be able to assist me?

But it goes far beyond that and includes a Just Cause Eviction provision, requires thousands of dollars in relocation assistance for tenants whose leases are not renewed, and expanded notice requirements.

Granted, this is just an app to get pre approved, but I'm concerned that without all the correct DSCR needed information, the process will get stalled. 

The only exception to this would be if you had a line scoped and it showed areas of concern, and perhaps a high likelihood of failure in the next 5 years..... 

If you're using HELOC funds for a down payment on a new property, underwriters might require you to qualify based on payments for BOTH the new mortgage AND the full HELOC payment, even if you plan to pay off the HELOC soonIn my opinion, neither of these concerns are things that will not be sorted out by the title company and/or the loan originator.Greg, If you read Tony's question he was asking for "Anything" that may not be common to a new investor that could arise or be a pitfall.

The heat would rise and shut off the upstairs thermostat, causing the upstairs bedrooms to get cold.The downstairs unit was a small one-bedroom, and the fireplace would heat the living room to the point where it was concerning from a temperature and CO2 perspective. 

Is there a known glitch where altering a reservation causes the tax to be grossly miscalculated?

About 1/3 are still not providing distributions but their cash position is strong and I'm not concerned about them potentially selling at a loss.