The testers help determine the probability of incorrect outlet wiring for an outlet.Aside from checking the outlets directly, you can research local electrical codes to ensure that your breaker panels are in compliance and that you have the correct types of outlets in the appropriate locations.

They technically tow the line for post compliance, but the problem is that it is widespread and annoying.

It looks like it might need to be redone, but the contractor assured us he'll just take a grinder to it and it will "look good" at the end. 

If there is no problem then the HELOC will provide more flexibility since the cash out re-fi may yield more proceeds after improvements when applying the 70 or 80% LTV limit whereas you might get improvement proceeds from an investment loan but you won't want to because there will be a lot of red tape, inspections, draws, lien waiver compliance and a lot of other crap they load onto improvement loans on investment property.

Regardless of whether your property is pet friendly, rest assured guests are bringing them anyway.

Legal and Regulatory Compliance: - How do you stay updated on local laws and regulations affecting property management?

There may also be local zoning or regulatory hurdles, so it’s important to ensure that dividing the property won’t create any compliance issues.

Your making 2 very big, and I assure very wrong, assumptions here. 

Like others have said, its going to be hard to get compliance from guests.

The seller threatened to put the property back on the market if we don't close in 6 days and the lender is not giving me assurances.