Would they simply apply the roughly 1/3 Debt to Income ratio regardless of the heloc facility one has in reserve? 

Best economy ever there at least in the tourism sector.lower hotel rates in Vegas to me mean more flights more meals more rental cars  more ubers more everything..Maybe I am wrong.. 

Last year, Kenosha was named one of the top 15 fastest growing metros for job growth, and our property will be only a few short miles from the new Foxconn facility that will create 14,000+ jobs once complete in the next couple years.

balloon loans were getting called left and right .. but like you not predicting that.. but balloons always have that risk ALWAYS... when Rialto got 5 b of tarp funds they went hunting for little bank portfolios and loved picking up balloon payment notes then foreclosing on them.. it happened to two folks I know personally and they bought a little bank here in Oregon and did the same to some folks with MF .. it was a mess.. but again not predicting that at all.. however its not wise to also think the refi will always be there.. that is not prudent either.. so if your forced to sell 25% equity pretty much gets stripped in sales fee's and distressed forced sale pricing.. personally any short term debt I take on is my community bank that is solid and my banker of 25 years.. he rode through 08 with me and kept me afloat when others drowned on their debt.. but the larger banks I had credit facilities with they all got called and paying back 10 plus million in 20 months is not fun .. .

Intel is almost finished their facility in Chandler, and supposedly Phoenix metro is to see somewhere close to 500K California residents moving here to fill open employment positions.

The seller is a nonprofit that was using it as a transitional living facility for mentally underdeveloped adults. 

Traditionally, beach towns generate money and tourism due to the beach, if polution is such a large concern how would this impact IB?

Two vehicles we use are the BiggerPockets monthly get togethers which take place at Ramblin’ Jacks in Olympia, and the Washington State LL association which meets monthly at a larger meeting facility.

This topic is one I cannot find information on, but feel it is important to do right in order to protect myself.My HOA requires that my tenants and I together sign a waiver holding the HOA harmless should an incident occur on their facilities.  

ARV = 235KAs is value = 225KRehab needed < 10K (mostly yardwork)Seller's motivation:Seller is 90 years oldFell ill over a year agoMoved into senior care facility, but kept utilities on thinking she'd eventually move back.