Check into insurance and tax rates in the areas, along with estimated mortgage costs. 

To save money, management raised the wind and hail insurance deductible from 5 to 10 percent.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I immediately did what I had done with other rentals insure the property.

It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.

Make sure you’re checking in on your tenants, getting them to document any damage, and having solid insurance coverage.

What about taxes and insurance, how much are those?

Take this opportunity to upgrade your plumbing and electrical if needed. 

When you are just starting out, all you need is good insurance and stable and steady enough income to not worry about defaulting.

As others have said watch out for property taxes and home insurance too.