Being abroad adds risk to your file and terms will be effected in some way or another.  

They do not want the other person's name on the deed or the mortgage once the dirvorce is finalized.   

Since you purchased your primary recently and in Houston, I personally am bearish on your appreciation potential.

HELOCs are generally provided to properties that are held in the owner's personal name.Are your family members not interested in refinancing the property?

Personally, I just rip it down.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

So, any investments are on your personal taxes the same as if the property is owned by you personally.

The units are ready, but due a personal situation I only want one.

I found an auction person, and I see listings online.

I personally know both @Jaclyn Cano and @Wale Lawal and can confidently say both are great and VERY Investor friendly!