I also look widely for HELOCs for my own rental portfolio and am not seeing danger signs there, either, defined by me as lenders cutting off lines or no longer extending lines. 

I am contacting you to formally request validation of the alleged debt concerning this account and to inform you that I hereby dispute the validity of this debt.

Generally speaking, I have not seen underwriters look too deep into occupancy concerns related to second home vs investment property since Fannie/Freddie installed new LLPAs a couple years ago that make the pricing for each aligned in most cases.

Fairmount is a newer entity which is a little concerning.

Unless the home is uninhabitable or poses an imminent danger to life, then confirm receipt of their work orders and provide applicable updates as soon as available.

This is a real concern, especially in competitive markets.

If you're property is in decent shape and there isn't much concern of the renter paying, then I would decline it.

Another option if you're concerned about not being able to sell as a portfolio, or individually.

Most glaring issues to me are:- DWV pipe leak- Some outlets aren't grounded in both unitsWhat are things you've seen in the past that were real causes for concern/concessions in closing the deal?

I just am concerned if the regulations change, and if you are trying to b build a business, and you do not own the asset, then you can lose your whole model.