I wonder if it ties into Chris’ points above from what he learned from his attorney.The simplest explanation I can provide is this: Both Dodd Frank Act, and the regulations issued by the CFPB put very specific restrictions on financing of consumer residential properties.  

PITII also have access to a HELOC on this property...available $70,000. 

But since there is a limit to how much money the bank has access to....their rate will be higher...and usually a shorter term.

If at least 20% you may want to refi to FNMA to free up your VA benefits.You could also consider HELOC to be able to access any equity you have, but would recommend you only use for emergencies.

Just curious, if someone tried electronic loks with chngable codes - online system access management? 

On demand service applications - As we find ourselves more and more technology driven, and requiring an immediate response, many self managing landlords are using tools that allow them to access vendors, repair companies, lock boxes, signs, etc online.

Floodways will typically be more restrictive.

Getting started was difficult and costly - clearing and bulldozing access road to water sourcing and electricity hook-ups, etc.

As an agent, I have access to several off-market options at any given time and would like to have serious buyers I could present to before disrupting tenants and causing headaches for property owners/managers.

Even if you had to cut a section of pipe out, that is easy to repair if you have access.