I don't do cash.I love Panhandle I hope your offer got accepted because it's very hot nationwide now.

Had outstanding returns despite the 1989 earthquake-which did set me back quite a bit.

You do not have to borrow against the HELOC until you need the funds and you only pay interest on the outstanding balance while you are executing the BRRRR.  

Also, from an underwriting perspective- am I required to disclose this debt to mortgage underwriters (conventional) so long as the debt is still outstanding?

Today nationwide rates hit a low of 2.7% - so there has really never been a better time "spread" wise.Long term, I think NYC will come back as it always has time and time again.

You getting paid the outstanding rent WILL be affected by that; but you should still be able to get her out of the house.

Whatever balance is outstanding at the end of the term is due at maturity.

This period is referred to as the grace period before repayment.(7) Borrower will be given four weeks (a month) grace to payback any outstanding repayments (loan amount) at the end of the loan duration before legal actions will be taken.(8) Failure to make a monthly payment of  the loan seven days after the expected date/period, legal actions will be taken against the borrower by our attorney.(9) Address:You must inform us about change of circumstances and must tell us promptly if you change your residential address or zip code, or if you think there is any information that we should be aware of.(10) There is no early repayment penalty attached to this loan.(11) Interest: Interest rate shall be 4% APR irrespective of the loan amount on monthly repayment basis.(12) Repayment: This loan will be granted to you as either an interest+principal monthly repayment loan or as interest only monthly repayment with a final balloon payment of principal at loan closing.

Until courts open nationwide and markets settle a non owner refinance is going to be expensive.

We just completed a survey of 80 companies nationwide but haven't released the results yet.