Just a quick note for your question, HELOC is taking a percentage of the property LTR around 70% for best rate and up to 80% probably for a higher rate, then subtract your outstanding balance on the mortgage.

As others have said, they are outstanding.  

My view is the last 10 years have had outstanding appreciation that likely will not be matched going forward.  

I get it, owning an apartment building is exciting, the value add possibilities are outstanding if purchased correctly and the cash flow can be life changing.However after 15+ years of investing and owner of small apartment buildings I can tell you the excitement is getting a little a head of itself. 

The Fannie standard is 6 months PITI on subject investment property, and 2-6% of outstanding balances on all other investment properties.

The other financed properties reserves amount must be determined by applying a specific percentage to the aggregate of the outstanding "unpaid principal balance" (UPB) for mortgages and HELOCs on these other financed properties.

You can't rely on "maybe" and loophopes (which may be fleeting) when it comes to stuff like this, if want there to be certainty, then I'm certain you should go get all the mortgages out of your system now. 

.$0.00 RDS Mgmt Fee For .....Bank Deposits: As of 04/14/17None Outstanding Invoices:NoneFinal Security Deposit Audit: As of 04/14/17$0.00 on hand for .....$550.00 on hand for ....,...............accepts the termination notice immediately as of 04/14/2017...Please provide us your current business address so all property correspondences can be turned over via certified mail asap...Thanks!

Naca has a lot of hurdles but can be an outstanding opportunity for lower income buyers.  

hello Darnellget current on all of your outstanding debts by calling the debtors and restructuring the debts into affordable payments; get rid of most of your credit cards, get a secure card and ALWAYS pay everything on time, preferably 2 weeks before the due date.