I'd recommend speaking with local specialists in your target market to look at multiple investment options side-to-side.Lastly, some of my clients have been encouraged to stay away from HELOCs unless they expect a lump sum (inheritance, sale of other asset, bonus, etc.) to pay off the HELOC in the next year or 2. 

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships, and excellent customer services to determine how to best market to your leads.If you would like a referral code or more information please let me know :)

The rental market has slowed in recent months but expected in winter.

@Annabelle Rozen  I believe the stability of the rental market within Allentown is rather robust. 

Some will dangle out-of-market offers in a term sheet, then ask for substantial sums of money right away.

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

Raising money is all about marketing and sales (not real estate specific) so either hire marketing agency and read sales books, or hop on some LinkedIn courses on marketing and sales.Not sure the legal structure to use: talk to accountants and attorneys.Need deal flow: talk to brokers and go to a lot of networking events.Lending terms: start calling banks and loan brokers.From there, it is all risk mitigation. 

Study the market.

There aren't any good wholesalers in the Cleveland market.

The STR market here has become way more saturated and competitive especially in San Juan.