Your ability to qualify depends on income, credit, and lender requirements, but leveraging your equity makes your request more feasible.

Tax law requires it.

Success in real estate requires courage, perseverance, and the willingness to take calculated risks.Internalize these principles and apply them in your real estate endeavors, and you will be on your path to success.

I have been told by a contractor that the foundation of the building is intact, so it does not need to be torn down but requires a "gut renovation down to the studs."

A&D has a 2nd position DSCR but not revolving - installment only.AO has a HELOC but self-employment documented for 2 years is required. 

Dwelling/Fire policies require that you request a limit for contents.3.

The reason for this email is that we need to schedule a call with a representative about our direct deposits to our bank account, we keep having the same problem every month.

Run your numbers based on youre required return given what youre likely to have to spend and the amount of headache, risk, and work you have to do.

The US taxes global income which dramatically increases the reporting requirements.

The only item I would suggest is double check the payment terms of the your HELOC... in particular, can you pay interest only or are you required to pay a portion of principle each month on the amount utilized.