My plan is to funnel the rental incomes from all three properties, along with my W2 income, back into the HELOC while covering all expenses from it as well.

Well worth it IMHO given poor performance of RTO/seller financed zillow listings. 

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

Wade is extremely well respected and has a great reputation in the 1st lien space.

It very well could become a large enough investment to be worthwhile, also solving for "unexpected emergencies ", for the most part and would an easy self management situation if you were to live onsite in one of your connected townhomes.

I'm sure how far Lake Monroe if from the University but I would also look into the amount of STRs in that as well.  

How well does your property cash flow?

$100 a month is not enough for a duplex depending on age.how well do you know this market?  

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

I was thinking of starting a rent increase for my 1 bedroom tenant voucher due it being low and well under fair market value(Based on  hud and zip code) but my tenant is in the process of having a caretaker for her disability and getting approved for a two bedroom voucher.