Good news first.That could be fixing any outstanding maintenance requests, making the place look nicer etc.

Tiffany is damned?

Definitely don't want to talk myself out of a good deal, that's for damn certain.

Get your damn license under a broker and don’t try to subvert the law. 

That’s damn good for a college student.

>8% property managementIf you can get a Professional PM that will do rent by the room at 8% all inclusive costs (tenant placement, release, inspections, service requests, etc.) that is outstanding.  

Thank You all for your outstanding information!

HELOC will give you the line of credit, which is good because you won't pay interest on it until you draw it to buy a property, but when it is outstanding it is floating rate and interest only, until it matures.  

This is also a good idea although I would warn you about over leveraging so make damn sure you have a good spread in the deal if you 100% finance.

Basically the price of an RE market is based on numerous parameters two of the largest being perceived risk and perceived appreciation (property and rent appreciation).Your first investment has been outstanding.