When I first applied I estimated my home value at 390k which would give me a line of credit of 62k at an 80% loan to value ratio. (390k x 0.8 - mortgage balance)The appraisal came back at 420k which great news however when I requested that the limit be moved up to 80% LTV of the appraisal amount (86k) I was told that the loan commitment had already expired so in order to get up to 86k it would need to be a new application and also I would not get the promotional interest rate of 1.99% for the first year.

Unless you have a personal reason to delay the sale I would sell.Also HOA sometimes limit rentals so if you decide to rent check your bylaws.

I would not want a business owner renting from me also having an endless cost hanging over their business that brought no future value.You might want to limit your expense to initial primary lease term and not the options paying the leasing broker.

To summarize, cons are that HOAs have control and can limit rentals/increase dues etc.

You want to limit as many future challenges as possible before you even make an offer.

Maybe you need to find a money partner or a bunch of friends that are willing to go in together to limit the losses or maybe even just pay cash depending on the friends.   

$822.375 is high balance loan limit for you with that score you should be able to do a STAND ALONE HELOC. 

Probably not, but it may very well be just my limited experience on the matter.As @Zorya Belanger states, you get what you pay for.

So, is your debt servicing capability limited? 

I am financing a rehab on a new quadplex, and wondering the best Credit Card to get/apply for with no APR for 6-18 months and pretty lenient with credit limits.