Also, you have to pay the utilities for this property?

My concern is whether it is common for banks to have clauses in a HELOC product that will allow them to stop the draw period at any time due to discontent in dropping housing values. 

The longest I've had an REO in escrow was started Dec 2012, stayed in throughout 2013, finally closed in January 2014 - but this is not normal and doesn't happen all the time.It is common for title work to have some challenges. 

Bill back on Pest control is $1500, Trash Bill Back $5000, Utility Bill back $2400, Water billback $38,000. 

@Ted DavisYour wife may be entitled to the home office deduction if she uses the area regularly and exclusively for her business.Items that go into the deduction are rent(depreciation, mortgage interest, home insurance, real estate taxes if you own), utilities, etc to calculate the home office deduction.It can be a big deduction so many sure your accountant factors that in.

One of the first things you will want to do is figure out which utilities you have to pay and how much they cost. 

Good Day All,I am looking to purchase a home that is being sold "as is", and has the common "do not disturb tenants" sign.

Do you agree or is it very common to charge tenants for renewals?

I know when I served in the Army about 8 years ago, if you got deployment orders it was VERY easy and VERY common to get a letter saying this so that you could break leases.

The rehab will be in draws so you don't pay interest on that money until you utilize it.