The main difference between this year and last year does not appear on charts or graphs.

In researching this, it appears that the auto-conversion may be on a bank-by-bank basis, and would depend on the HELOC product you have chosen. 

It appears you have some great skills and experience to move you forward in this endeavor.

The payment appeared to be in processing, but after 4-5 days it was declined.

They show on your tax returns, and bank statements.There are many underwriting tools to expose private money ones that claim they don't report to the bureaus- they also sell and securitize the loans so what they told you on the phone is of no value, they get reported.All NonQM standard DSCR loans show on your credit report.DSCR gone bad shows online, in court records and in the curbside view (property appears distressed and attracts code violations/fire inspections and investigations...

If it appears they have moved improperly, it might be a good idea to get the assistance of a lawyer.Unfortunately, you have learned the hard way the biggest weakness of condos and townhomes for investing: The HOA board can dismantle your investment returns with a simple vote.

Investors are scouring the market looking for 10-15% COC but your target market appears to be littered with 50% COC returns?

After speaking to a financial advisor at Sparkasse, it appears that you are locked into the terms of the mortgage and cannot sell without penalty.

It even appears she had you offer less to begin with -- you said seller countered 20K higher, and then you agreed to counter vs lose yet another home.

I clean no matter how clean the tenant appears to leave the unit.