For investment property HELOC's often the initial draw period is shortened to 5 years and the qualifying payment is shortened to 10 years.

Some landlords offered more expensive rent for a 9 month period but the math didn't really make sense (half month savings at most) compared to a standard 12 month lease. 

Helocs (as opposed to heloans) are interest-only for a period of time, usually 10 years, so during that time the monthly payment is lower on a DTI calculation than a first position mortgage with the same balance.  

It might depend on if owner died prior to the redemption period was over and possibly if prior to your quite title action  

At 0 completed rehabs in the last 3-years you'd be looking at 75% of the purchase price + 100% of rehab with no prepayment penalty periods.

Is this a building you see yourself owning for an extended period of time and/or if you were to sell the building will there be a satisfactory return on the heavy lift capex  investment that's necessary?

-  If so, then that total (for example...monthly debt service is $2,000 and you underwrite at holding for 6 months, then you factor in that you have a total of $12,000 cash that you will be putting into the deal over that 6 month holding period) counts towards your "costs" or "cash into the deal" that you need to factor in, correct?           

With cash out refis, there is no market input on value.The time period since acquisition is also an issue.If I understand the numbers - $30K plus $440K loan plus $80K assignment fee - total “purchase” price is $550,000.I would assume lender is asking how is current value one year later $725,000 when you effectively paid $550,000 a year ago?

You can set up a complex follow up sequence that reaches out to your customers using any combination of sms text, email, rvm's, over any time period that you choose; 1 month, 3 months, 1 year, and so on. 

Our plumber re-plumbs entire houses for much less than that, and if it's a simple leak you can find, you could be done for a few bucks.The 80's were the era of pinhole copper, so there's always a chance that your supply lines are shot when buying a house from that time period, but it could be something minor too.