After getting a good amount of equity in the house for future HELOC funding, I was going to move out of it and use the property as a rental utilizing a lease option, or, rent to own agreement. 

I usually suggest to my clients the equivalent of 3 months’ rent held in escrow and double the daily rent rate to be charged in the rent-back agreement starting after agreed upon move-out date if they are not out, with seller maintaining all utilities and repairs on appliances and systems until move out, especially if you’re planning to renovate, anyway.

Unique features like land and outdoor amenities can add value, and utilities can increase rent.

@Kenneth Willis I can probably help.How many lots, what is the lot rent, how many are occupied, what is the source of utilities and who pays the utilities?

You can search your local area to establish comps through visiting various short term vacations sites (Verbo and Airbnb).  

Make sure you have your contracts reviewed by a real estate attorney to avoid any pitfalls.Step 3: Utilize Business CreditWhile building personal credit is a must, consider establishing business credit simultaneously.

Pay to separately meter the utility.

Once you become more established, have a large net worth, etc. you may want to consider more sophisticated trusts that can cost you up to $45,000.

Would be either near Lucca, Italy whereMy brother is, or more in Belize where we already are established.  

Plus, they often have established connections with handymen and contractors, making maintenance and repairs seamless.