I agree that DealCheck (or the BP calculator) does not provide enough tools or functionality to analyze those types of transactions (yet).But I would argue that it does a great job at analyzing more traditional buy & hold SFRs and multi-families, as well as flips and rehab projects. 

If the pipe is 50 years old and had a life expectancy of 30 years, they're going to argue it was due to lack of care on your part and try to deny the claim. 

I stated and even argued how much budget was $10k-$15k.

A spokesperson argued their software only affects a small slice of the market and isn’t solely to blame for high rents.

If you have strong income and savings then you can argue you'd be OK  but I would just use those savings as the down payment not the HELOC

There are many who preach this program but the reality is if you run the actual numbers I would argue that is NOT the case.

I own properties in cleveland and yes one might argue that cap rates are a bit lower than in detroit but the market isn't as overheated and there are plenty of opportunities.

I would argue that they are young so they haven't been burned by bad landlords or even know how to take advantage of the system.

You could argue that your property has not materially improved and does not meet the same value as the most recently sold properties.

You can argue I need a property management company and that I’m too lenient but this system is working for me.