Did not disclose it on the initial application because it was not completed yet, and as we all know things can happen right up until the last minute before closing new loans, so I wasn' t going to say I had those loans when I really didn't.Fast forward to today, Refi/HELOC closed, underwriters on investment property noticed HELOC lien in MERS so they asked for a letter of clarification regarding the lien and why did not initially disclose, I wrote a letter explaining what I just said and so far no issues (*knocks on wood*)My situation had more time between them than yours do, giving the underwriters enough time to make sure it checks out without delaying the process.

I'm generally the investor in the building but I act like an owner and only rent to "owner" types so I have minimal impact.

Not only does this book provide detailed information that you won't find anywhere else, but it's organized to guide you through every stage of the buying process.With the expert help and guidance of The Home Buyers Handbook, you'll be able to minimize the amount of time and stress that it takes to successfully find a home in New York City. 

Based on the minimal potential profit, I am going to pass. 

There may be a way to fold some of those into the purchase and minimize the tax bill.  

Repairs will be minimal landscape and inside rehab and I will guess on high side 20K. 

Let me give you some context:With a minimal marketing budget in 2014 (read $0), I did not have the luxury of launching big campaigns, taking out ads, etc.

People are the same , whether - Jealous, Protective, Or ....I try to Live my Life with Minimal Regret !

I would like to minimize the cost associated with managing the property and am willing to do as much of the work myself as possible but it seems like most of the work has to be done by someone local.

Problem here is if it doesnt and you cant purchase the property then you have only delayed the sellers goals and thats not right.