I recommend you check out a book like "The ABCs of Real Estate Investing" by Ken McElroy.

Try to explain your position and request additional time to check the property if necessary.

Do a background check and get people in there, and you'll learn so much more in the doing than in the researching. 

The best thing you can do is drive around at different times of the day and during the week to check it out. 

DCSR: I don't know much here but it has been advised to me to check it out.

Download the free Deal Check app and start playing around with numbers and figure out how to analyze a deal.

I wanted to sanity check the below figures with the BP community! 

I have never been to Texas but am planning on making a trip to check the area out.

or is there a check point along the way the would be more suitable? 

You also have to realize that even if you are not using the entire heloc limit "Some" underwriters still calculate the Maximum payment into consideration.There are some ways to pull money out of a Heloc and deposit it into a savings/checking account prior to application to satisfy the PITI reserve requirements.