We closed and the Dundee property was listed for rent late August.105 days of vacancy, three rent reductions, and two PM teams later, I’m stuck with an unrented property that, once rented, will cash flow negative each month (and that’s excluding the cost of the 100+ days of vacancy).I later learned that the initial PM team I was paired with actually did not have any experience with RTR.

Assuming you go the HELOC route, another option to reduce your costs assuming you have decent credit is to look at credit card balance transfer promotions.Back in 2003-2004 I had HELOCs on my investment properties and interest rates were increasing.

Quote from @Ashish Acharya: @Cameron Marmon Since you’re married and living in Texas, a community property state, you have the option to treat your 50/50 LLC as a disregarded entity for federal taxes.

I'm actually located in Illinois. 

I was actually considering doing a shorter mortgage term to gain equity on the property faster.

My two cents would be to wait to put it on the market until a lot closer to it actually being ready, if not once it's ready for move-in. 

I've been at this a while and have over 70% equity in my combined portfolio, and I'm over 50 years of age, so I don't look at creative financing options. 

Happy to discuss lending options in detail.

You’d be shocked by how little actual screening many PMC’s do!

When i started investing i thought the investing where i lived was the only option.