After the HELOC, it would drop down to about $450 per month.My goal is long term equity and appreciation, and not cash flow.

I'd rather keep the sub-3% rate for now and finance other properties conventionally for the short term.

Keep learning and determine your long term goals.

Our combined efforts made the property appealing to buyers, leading to a successful sale at $99,000.

What are the next steps---BRRR seems like a good method for this- as theres potential for long term renters(near elementary and highschool)Step 1- look for a hard money loan(will they also cover construction?

That's my biggest concern.But I should also look at the tax and long term benefits.

Does anyone have any referrals for property managers in the Los Angeles area who specialize/ have experience in mid term rentals? 

While that kind of income is not a deterring factor, when I looked over the terms of service many big red flags came up.

Difficult to tell from the website exactly what type of Passive Investments are available: Fixed Term or Open-Ended.

Find out what financial problem you are trying to solve in the short term until your able to get to more "long term" problems that real estate helps with