If the "basement door" is outside access only, be sure you have a good closer on it, and that it securely latches, to prevent freezing in cold weather.

I handle all repairs myself but a burst pipe would be something that an owner would handle in my opinion, unless you were supposed to drip the water during a freeze and did not.

Turns out in my situation at -10 pipes like to freeze.

Didn't stop to consider pipes would freeze.

For example the expansionary fiscal and monetary policy during COVID that led to one of the greatest real estate booms we've ever seen, as well as the subsequently the contractionary policies that led to a freeze up in the market.In general, macroeconomic factors will have macro effects, meaning it won't just affect one property in isolation.

The downside to them is that banks could potentially freeze the line or shut it down if the economy tanks and lending tightens.

If you want a phase 1, and it is winter- you need some fudge in your inspection deadline because snow followed by a hard freeze can blow dates pretty quick.

However, as I was still trying to turn around 2 of the units with carry-over tenant in the other 2, a water pipe burst due to the Northeast freezing storms.

The last winter I spent in Tampa, after a-sprinkle of rain, when the ground was at below freezing (I used to wear a leather-bomber jacket) caused the surface of the roads to became a 'sheet-of-ice' my vehicle was hit by another vehicle.  

The risk with HELOC is the bank can reduce your credit limit, freeze or close your account.