Clogged gutters can back up under shingles, rot siding, flood basements or crawl spaces, etc.

They sue because a step on the deck stairs rotted and broke so they busted their leg.

I wonder if that will soften the blow or will it cause a major meltdown with that money totally dries up? 

But as the economy declines in the next year or so, HELOCs may dry up so keep that in mind.

Personally, I'm a little leery on the economy right now and how that will microeconomically affect me, e.g. equity in my home reduces due to a drop in values, the historic pricing and value we are getting on borrowing money dries up, etc., but a deal's a deal.

I am not sure how many times you can stain a deck, but if you don't seal it properly the wood will become dried out and splintery and after years will warp and even break and will need to be replaced. personally my choices for the 3 situations i put above would be stain for personal home or flip and paint for renter.

NYC is dried up, maybe in some areas of west queens you may find good deals and when you do find a good deal, don't expect to profit $50-100k, more like 20-40K if lucky.

Not much strategy to adding re-performers though, it can be pretty cut and dry.

I was supposed to close on a refi last week (had rates locked in) but today was told by the lender that their line of credit for refinancing has dried up.

Then, dry the area using ventilation and dehumidifiers.