As it happens, I have another heloc on $0 balance, and I was curious how heloc payments would be treated for the purposes of DTI.  

You will want to perform a proper dry out of all materials and replace as needed, treat the area and have the lid put back together of the downstairs unit.

If you treat it like a hustle, you’ll get hustle results.

Always treat every applicant the same.

FIrst is comply with the law, next treat people with respoect and act responsibllly when things go wrong, Third is insurance.

Thankfully, and it's no coïncidence, the places where I end up investing are great for lifestyle.My pricing criteria eliminates Canada, Northern Europe and Oceania.My tourism criteria eliminates Africa.I eliminate Asia, including and up to the Middle East because, in most countries, foreign owners are treated second-class and that has serious implications from a risk point of view.

Depending on the facts and circumstances of the agreement, it could either be treated either1) the sale occurs as of the original agreement date, and then your taxable gain is generally spread out over the life of the principal payments as an installment sale (although I should mention any depreciation you've taken on your property could affect this), or2) the sale does not occur until the lease option is exercised, and gain reported at that time.

The rates are the same as capital gains but it is treated as "income from passive activity" and can therefore absorb rental losses.

I treat my tenants with the same respect that I would want.

Some exterminators will recommend heat treat.