Moral of the story:  If you don't mind playing their game and jumping through hoops, you are covered for surprises on your personal home purchase. 

And many times there's a bonus at the end.I've found it's very easy for me to play mind games with myself - as long as they're under 6 years of age games !

I'll have to play with these numbers a bit more before they make sense to me I think.I appreciate your response!

That could play into the analysis of the timing of the if the bankruptcy filer files a string of bankruptcies under different chapters.

Unfortunately,  some lenders don't play nicely. 

Key in this is to open the HELOC while it is still your primary residence.Now, as always, talk things over with your lender or prospective lenders and see how the situation will play out for you.  

Beautiful area to live play and retire.

Love to hear your experience here if you did end up going down this route, or any others who looked into it.What I will say is that guests greatly appreciate the ability to play their own music, turn lights and temperature on/off, and a variety of other custom features that I have built into the property for their convenience. I’ve also implemented custom signage to allow folks a short list of things that they can ask Alexa to do, which is critically important to clarify understanding and usage.

The first is more of an equity play, the latter more of a cash flow play.

I haven't pulled the trigger on any offers yet, but have been able to make the numbers work by playing with down payment, loan terms, and things like seller credits, were they to be accepted.