We show them where and how to change them, putting a new one in as an example.It's not unusual after a year of living there, there are still 11 in the box.By the way....if you get calls from tenants living in the south that their air won't come on (and it's not because the batteries in the thermostat have died)....it's not unusual that the unit has frozen up due to a dirty filter.  

Have you frozen your personal credit file with Experian?

Also read the fine print of your heloc  that is the instrument were you have the most risk and 99% of the folks have no clue... heloc's can be called all due and payable and frozen at ANYTIME for any reason at the banks discretion.. that's the instrument U need to be very sure and careful with.

Most I've seen are 10 years-It sounds like there's some type of annual review so staying on top of DTI ratio would be big, this is what makes me nervous about Johnson Bank is I feel like if anything were to happen to my income for even a short period I would be frozen even though I have a nice emergency fund/stock $ to fund anything that could happen-If you want a new appraisal done you have to pay the $425-I could do a slower version of my initial strategy (have my current mortgage and a 2nd lien Heloc with them; pay chunks of principal only payments to my mortgage and then every $10k I add in equity I could refi my Heloc to up that line of credit)-DTI 43% or less-You can have up to 6 Heloc's open before you're considered commercial-Could basically use a Heloc like a checking acct. if you wishAfter finding out more it seems to me like a 1st lien Heloc would be perfect for a person/couple who cash flow a lot of money, aren't investing too much in real estate, and want to pay off their mortgage fast.I'm cash flowing a decent amount and want to build a good portfolio of real estate. so having hundred of thousands tied up into a variable rate may not be my best option. 

While the air temperature is above zero during the day, the basement is very frozen and not likely to thaw any time soon.

Read the fine print in your loan docs they can be frozen and called at any time...  

It was in the winter and frozen so it didn't smell.

Thanks Amy...... the rest of the plumbing had been frozen, so you're probably right! 

Horror stories abound about frozen funds, rolling reserves, held deposits, etc. 

So...If you have been a property owner for long enough in the colder climates its inevitable that the call comes in during the sub freezing temps.  "Hey I noticed water pourring into the unit from above can you get he...