In Desperate Need of Advice!

[Bianca Montes De Oca]

Hello everyone,

I have a very unique situation that I need help with. I own a house in Colorado Springs that I owe $242k at 2.75%. I really would like to move out of this home due to mental health issues (lost a loved one in the home, and it makes it hard to be here). I also want to get into real estate investing. The house is in need of repairs. It needs new flooring and new windows, as well as some yard work. I was thinking of getting a HELOC to do the repairs and putting the house up for rent. Does that sound like my best option in this circumstance? Any other ideas? Thank you.