A lot of the things a mortgage company requires is to protect their financial interests (and subsequently protect you also)....getting title insurance, a survey, an assessment/inspection, and requiring home owner's insurance. 

I agree about HOA, insurance, etc. pushing prices lower for certain developments as well. 

What's your plan if your tenant stops paying after the first month? 

Here’s my honest opinion; not trying to be overly critical, just hopefully constructive adviceYour plan sounds like a newbie with no money and experience trying to wholesale Look, wholesaling real estate is a BUSINESS.  

Does it sound like a plan, what experience advice here. 

I plan to move back to India soon and was wondering if at all it would be possible to remotely manage my properties from India (12 hour time difference makes real time communication a lot harder).

Try to get most of your learning out of the way before you try to do a transaction.Buyer seller agent    Commission splitNo subject to financingZoningMarket 3/2 2/1 parking school districts addl ADU property taxes insurance flood zones etc etc.  

I talk to folks all the time that contact us for our line of credit product that it is just not suitable for after they explain their plan. 

I love using HELOC's for investing as long as you have a plan to pay it down quickly.How long have you had the HELOC open? 

Which tempts me to tell everyone to put their real estate into S Corps, because you might save on the Health Insurance portion of SS taxes