So about  $1,650 a Month Multiply  $1,650 x .40% DTI =  $715Subtract from this a  $480 a month Mortgage payment  ( PITI )  +  $85 in Minimum Monthly Credit Card Payments (  one if  $40 minimum a month and the other one is $45 minimum monthly payment ) TOTAL =  $565  ( Monthly Debts The DTI Shows a MAX TOTAL you can Afford of  $715 a month $715 - $565 =  $150 So, the Minimum Payment on the 20 Year HELOC ( at a 7.15% Interest Rate , and Paying just Interest Only for the First 10 years  =  a Monthly Payment of right around  $120 $150  -  $120  =  $30 Left Over So this Shows that I should be able to get the HELOC , as I can Afford to make the Minimum Monthly Payment on the HELOC in the amount of  $115 a month I also Have a Good Enough Credit Score to have Qualified as well..... from what the Lender told me Is there anything I'm missing , that might stop me from qualifying from Getting this HELOC ?

That being said; there is no shortage of money out there to finance every single deal IF the deal is good enough. 

The 2% rule is widely debated here on BP, and honestly, is one of the reasons I've delayed buying property because I felt the other deals weren't "good enough" at 1.xx%.

Mistake number 2, I did not look the property over anywhere near good enough.  

I asked that they should wait until the temperature is good enough but honestly thought that they should know better that cold temperatures can affect the concrete work.

Personally I'm a big believer in buying real estate but failed to find a good enough reason to sell it just yet :-DDoes your dad expect you to pay him for that?

That is due to my inexperience dealing with contractors, who I did not vet nearly good enough.

once you do have a property under contract at a good enough price for a buy and hold investor, what's a good way to market that contract?  

That half will demand at least civil punishment.I don't think any of that is a good enough reason to not protect yourself however true it may be.

If the deals are good enough then wholesale them to another investor.