Just like auto insurance, it isn't to buy you a brand new car, it is to fix yours or give you the value of the car as of the date of loss.

Meaning, for it to function properly the Heloc needs to have a checking account with an auto sweep to the Heloc as well as the reverse, when the checking calls for funds it can reach out to the Heloc for coverage. 

4- of course we'd want to verify it's permitted use per zoning5- Capex will need to be budgeted for a reserve account for tax purposes6- need to get the stage 1 and 2. 7- by subcontractor issues do you mean a mechanics lean on the property?

I’m also in DFW and interested in doing a hybrid of owner/builder after the mechanical phase.

2) Are Vendor Mechanic's Liens extinguished at tax sale? 

You are doing all the tax savings such as HRA, 401k hiring kids, and writing off auto.

Closeups of all mechanicals (hot water heater, furnace, etc.)

The mechanics of it.  

An auto dealer who owns an empty lot across the street from his establishment wanted to get approval for a parking lot to park his cars in the lot rather than on the sidewalks when the city cracked down on it.

Our units are in B+ areas so our tenants have credit in the high 700s, have over $10-20k in savings, and call us if we don't cash their check in a timely matter to make sure we got it in the rare event they aren't set up to auto pay electronically each month.