A lender who offers a website for you to see what you uploaded, what is signed off, what conditions are outstanding 24/7 can be helpful as well as: a mortgage banker who answers the phone 7 days a week, borrower who opens emails and answers every day, and it comes down to communication. 

For example, I don't know how a nation-wide increase in housing supply will impact local markets.3.

Nationwide rates hit a low of 2.7% - so there has really never been a better time "spread" wise.Moreover, the FED has printed so much money (~25% of all dollars in existence were created during COVID).

When we consulted with a third party contractor and building in some cushion, estimated repairs came down to $40K (vs. the original estimate of $25K).I presented a counteroffer asking for: (i) follow up the outstanding written reps noted above, (ii) written affirmation from seller that they can deliver a vacant unit at close (as they had verbally represented), and (iii) $40K off the asking price.All of a sudden the seller came back noting the recently executed lease was “deemed invalid” and that the tenant is now on a month to month lease and can vacate the property upon a 30-day written notice.

Use 1% of the outstanding balance as the monthly debt, so in your case, $200. 

Nationwide rates hit a low of 2.7% - so there has really never been a better time "spread" wise.Moreover, the FED has printed so much money (~25% of all dollars in existence were created during COVID).

Would having an outstanding balance on the HELOC completely ruin our collective DTI when going to apply for the traditional mortgage?

Recently, I paid for home inspection, completed negotiations post-inspection, and only then I received the title docs which showed outstanding bankruptcy on the seller, and the title company was unable to clear the title (bankruptcy court did not approve the sale) so the deal was off. 

I am a commercial broker in Indianapolis but do deals Nation wide.

Do you have an outstanding business opportunity and can sell the property to realize that opportunity?