It may effect lease renewals.  

Last week I made a post about getting a US mortgage as a US citizen who lives abroad (https://www.biggerpockets.com/forums/49/topics/1219693-getti...). People responded by explaining that residential mortgage lenders ...

I let them run to the end of the year as m-t-m, then send a rent raise letter, usually for $25 or $50, on or about Nov 1, effective Jan 1. 

Besides a mouse trap, another effective way to deal with mice is a cat (if the tenant wants one and the lease allows it).I grew up on a family dairy farm and the barn had grain, which attracted mice.

Welcome advice on cost-effective way to transfer money.

Of course the worst case is actually getting lawyers involved and I wouldn't go that route I just wanted to make the basic contract law argument about the PoA's limitation. 

The 1st position heloc has nothing to worry about because it will still be attached to the property after the 2nd position heloc forecloses....death of the borrower has no effect on it.Likely not time to make a deal with the “owners” since that would likely involve probate, and time.  

If you only plan on owning 2-4 properties, then there's really no harm in self-funding them unless you know a better, safer way to make more than the going interest rate on that money (most investment mortgages right now are about 7%, maybe effectively 5.5-6% after taxes depending on your brackets and tax structure).

A plain vanilla lawyer-generated set will cost somewhere in the $1500 ballpark from Geraci. 

Lawyers, engineer, architect, expeditor, surveyors, etc pile on the fees quickly.