I was hoping I could run this by you and see how it would affect my DTI when doing the refinance part of a BRRRR.To fill you in a bit on our situtation: My parents have a rental multi unit property in CA that they are willing to get a HELOC on to allow me to borrow cash to invest in an OOS BRRRR.

It sounds like you inherited it from a parent? 

You may be thinking that’s a great deal in of itself (and it is) but the caveat to that is that it would be my primary residence for a year and then I would leave it to my parents to continue paying off.

The term is subrogation - they pay you then can go after other responsible parties for reimbursement.If you get to a point in the process where there isn't much further movement, consider hiring a public adjuster who will represent your interests during the claim process.Also lastly - get ServPro under control.

It really sucks because those people have been paying their mortgage for years and they'll be given very little leeway.For example, back in 2009 when the market crashed, my parents and their neighbors of 20 years went through very similar problems with the same bank.

She ended up being only one day late and she paid the late fee as well.The other guy was a working student that got laid off but said that he was pretty sure that his parents could help him out once they got paid.

I could call or email them as an introduction or I could have my parents do the initial introduction.

I don't really recommend DSTs as you have no control over a 4.5% return on your money. 

If the Premises is destroyed or becomes totally uninhabitable or completely unfit for occupancy through no fault or neglectof Tenants or a person under Tenant's direction or control, the Landlord may, at its sole option, terminate this Lease orrepair damages within 30 days.5.

Unit 1 has the thermostat that controls the gas heat for unit 1 and just the first floor of unit 2.