I imagine different lenders/underwriters would have different policies on the matter, but I'm hoping they'd view the HELOC similar to a credit card (zero balance = zero effect on your DTI) as opposed to a car loan (which is a debt for which the monthly payment would definitely be factored into your DTI). 

My policy is to always give a receipt when I receive any funds in person.

@Alexaundra McCormick I'd check with the Assessor and see what their policy is.

Aim for less than 10%.500 is really low, even with a very thin file.  

This is the type of answer I was aiming for.

Focus on PreforeclosureHoardingDivorceLiensCondemned HouseAbandoned HouseDamaged House (Major Repairs)BankrupcyProbate (Inherited) HouseRelocationFire/Water/Mold3) Any business website must have a Terms of Use and Privacy Policy page.

Here are the terms and fees:  12% - 14% interest only payments3 to 5 points origination (depends on location)Appraisal Fee: $425 – $550 (dependent upon location and independent appraiser’s fee)Inspection Fee: $100 - $150 / inspectionLoan Documents: $475Loan Admin Fee: $500Credit Report Fee: $30 ($35 for Joint)Flood Certificate Fee: $15Monthly Servicing Fee: $15 A mortgagee’s title policy is required.An insurance policy is required on all loans for the term of the loan.Up to 70% of the After Repaired Value (excluding points & fees), not to exceed 100% of cost.6 month term3 month optional extension (extension fees may apply)While these fees can be significant on the front end, it can save you money on the back end.

@Ron Fiscus & @John Chapman I have several clients who self insure on the property, but keep a General Liability policy in place.Last one I structured had 60 singles, average values around $45k. 

It appears they worry that short term orders during COVID-19 (moratorium on rent increases, evictions) could grow into long term policy.

For example, are their differences in policies guiding property taxes?