Use 1% of the outstanding balance as the monthly debt, so in your case, $200. 

It may just be a major fight your setting up. 

They just complain about wholesalers and fight for business from other agents to get that one $15K commission.

I imagine one family member is fighting for more. 

Would having an outstanding balance on the HELOC completely ruin our collective DTI when going to apply for the traditional mortgage?

Recently, I paid for home inspection, completed negotiations post-inspection, and only then I received the title docs which showed outstanding bankruptcy on the seller, and the title company was unable to clear the title (bankruptcy court did not approve the sale) so the deal was off. 

Do you have an outstanding business opportunity and can sell the property to realize that opportunity?

There are some deals on the MLS that pop up here and there in the higher price points (500k+), but most flippers are still fighting for that 250k home that will sell for 400k and that really doesn't exist anymore and if it does, someone will buy it for 330k and move in themselves.Casa Grande, Coolidge, East Mesa, Florence, San Tan Valley, and Maricopa are worth looking at in terms of outlying cities.

@Craig Jeppesen that's some aggressive taxation...Do you guys have a decent dispute process...seems like if the transfer price is on record here that is the new value...very difficult to fight the valuation...

The home is a manufactured double wide on 3 acres with a detached 25’x35’ garage that I purchased at the appraised value for my first home and didn’t have to fight the competitive market.