AND you must maintain adequate reserves to take care of the disasters that may happen.Most of my clients fall into the first group above. 

I am assuming we would still have to honor any future reservations with Evolve and just block those dates out on our PMS, but please correct me if I am wrong.  

The Summary page was reserved for 4-5 major issues like damaged trusses, anything leaking, undersized electrical panel, water under the house, etc....y'know, big and important stuff.So this joker has 5 pages of summary items...everything from loose doorknobs to a loose tile.

More often than not, when people really start digging in to the data, it becomes a rabbit hole and creates fear- you start looking for some random piece of data that will confirm that there is no risk, which of course, does not exist. 

It's simple, can see what's coming in to account to confirm paystub, but also get to see if there riding $0 regularly, or saving.

And confirm your opinion the “unfair” idea wasn’t true. 

So a Heloc can never be used as an "Asset" or for Liquid reserves required to PITI reserves.

They would need to pull the outlet out of the junction box to confirm this which most inspectors won’t do.

YES, the unspoken TRUTH of it all is that a MLS listing STARTED life as an OFF-MARKET deal that a REALTOR dug-up, discovered, ran down the rabbit hole of analysis, confirmation, negotiation, and MADE an ON-MARKET purchase opportunity. 

You need to have confirmation that it is OK, from your lender in writing.