Most experienced investors recommend that newer investors look into their local markets to explore options.

If you have other ideas or questions, I've a previous post about this property here when i was exploring other options: https://www.biggerpockets.com/forums/41/topics/1163859-hoa-f...

I have several options to explore in Virginia and was wondering if there are any tools that can help identify the best markets.

Additionally, consider exploring areas like the Strip District or the South Side for more dynamic opportunities.

@Krishna SurendraRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Personally, I wouldn't want to have to borrow against my property (using a HELOC) and a cash out refinance won't make sense given your low rate.I recommend doing another house hack using your personal funds.Connect with @Zack Karp if you want to explore the HELOC route more.

Some other system needs to be explored.

Explore FHA or conventional loans based on your eligibility and current market rates.For a medium/longer term strategy, keep an eye on interest rates for potential refinancing opportunities for Property 2 when rates are more favorable. 

Explore other financing options, find a reliable property manager, and network with professionals to get pre-approved for a VA loan.Good luck!

I am exploring other finance options now.