The answer isn't really available and I have my clients err on the side of caution by issuing 1099s where normally required. 

It's often erroneously referred to as Medicaid or Medicare, due to the similar names. 

That said, liquidity is also expected to increase at least slightly in credit markets in the near and mid-term, so having your line limit reduced might not be as much of a threat as it would have been in recent years.If it were me, I'd err on the side of caution and pay the HELOC down as much as possible while keeping my eye on the creditor/ my limit for future needs.

I like to err on the conservative side, so I assume 10% vacancy when I run numbers for properties, even if I'm not usually at that.

They err on the side of caution and will come in lower than higher.

Nice thought, of course, but sometimes we need to err on the side of caution.

I'd say err on the side of caution but use common sense.

I've also heard of cases where lenders have screwed up where there were two owners to a property and the deed of trust was erroneously constructed and executed by only one owner. 

This is why I always advise clients to err on the side of safety and just get licensed- particularly in light the AG’s officeSincerely, Jeshua T.

I have been doing research on this topic and find answers ranging from 7 days to 28 days.Since you have had a long relationship with them and your children are friendly, I would err on the generous side and give them notice to vacate by the end of day, 10/31/15.