I've run these numbers through my usual year-round monthly rental calculations and they just seem to out too positive, which makes me nervous. 

Has anyone had positive interactions with a particular company?

Well I guess my monkey butt face left an impact and she kept our number.Short story even shorter,  she contacted us and wanted us to buy the house.

If there was no positive income flow, those houses would all be empty or demolished.

Hi all, thank you for the positive feedback!

With a 100% FREE & CLEAR property -  should have no difficulties getting approved - presuming you have current income to make payments.Don't get bogged down in Analysis Paralysis - but there are some positive changes coming in Texas HELOC (Proposition 2 on Texas Ballot - voting tomorrow) should give you ability to borrow more of your equity. 

Per your questions on other threads too, you might borrow against (say, 75% of) your equity.The trick is: buying properties that will both: keep going up in value, and cash flow positively for you, even when leveraged at 75% of their value.

Its been a few months since this post-but has it still been positive?....

Would the fact that no permits were ever pulled have any impact on the appraisal?

I know there are positives and negatives to this strategy.