Using it like long-term debt can be bad for your financial health.First, the HELOC impacts your DTI the moment is created, not the moment you draw down on it. 

Sometimes stuff just comes in bunches and is the luck of the draw..... but this sounds like a crappy PM that didnt inspect and fix properly before move in.

You can draw on.

Once in the Embassy it took less than 30 minutes, but the notarizing officer had to ask for 2 witnesses from the people waiting for service there in the lobby.Also, it cost $150 for the Attorney fees in the US to draw up the POA papers.  

Win lose or draw... just be reasonable.

The property draws 35K Kilowatts a year.

In fact, a lawyer should be the one to draw something up in all likelihood.  

Figure presents a very fast draw of equity; some borrowers have reported funds are there in a week.  

See if the home inspector you are using for this purchase if they will do draw inspections for you

You could always have your parents draw up a contract for you to manage the property on an ongoing basis,and you pay them enough to cover their loan.