A HELOC and a Home Equity Loan are the same thing.I have an excellent residential mortgage broker who can help you with this, he's based in Orange County. 

You are trying to compare oranges and potatoes, this is not appropriate here.

I built half a dozen new builds around Orlando suburbs I know its apples to oranges with apartments but my brand new 3 and 2s rent for 1700 to 1800. 

I get the comparison but they are both "Fruit" and another words the FED cut still with likely influence Yields.

My “low hanging fruit” strategy is to buy a new owner occupied every year while keeping the RV to travel in parts of the year. 

Once you pick one give it a serious dedicated effort, but if it's producing no fruit after several months you can always pivot and shift. 

@Ryan DunnYou are comparing apples and oranges.

You can compete with them by offering to buy and front cash as opposed to lend to the estate.Like I said, not for someone looking for low hanging fruit or for someone without a legal team, but there are some fabulous deals working with estates.

Otherwise you will end up with a huge orange sign on your front door with a stop work order. 

Not only is the demands of each buyer going to vary by market and submarket, but also asset by asset.My favorite example of this was an old season of Flip or Flip, where they bought a house in LA county, versus their standard stomping grounds of Orange County.