If you could do it differently, owner occupied is easiest to get a HELOC on and has the lowest interest rates.  

Quote from @Conte Cuttino: Property is in C+ area but in a different School district that’s B-If I sale I’ll get 30k profit after 9 months.If I keep as a Long term rental I’ll have to convert the garage into a illegal 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.

Here in Portland, there are a couple of different landlord groups/companies that offer pre-made forms.

@Kevin Wood: For those temporary and permanent differences accounts, move them to Other Income and/or Other Expenses and see if you the reports works for you. 

I found a property in my area that would produce decent cash flow and appreciation; however, I would have to use funds from a HELOC on a different rental property for the down payment.

Class D is mostly rentals (another tip to look at owner occupied stats and/or if the neighborhood is identified for revitalization), the tenants are outside smoking, they are talking to neighbors and solicitors, it is a completely different vibe that is pretty noticeable just driving through.

@Brian Stinson- I go between $2,500 and $5,000, but I'm in a different Midwest market so the pricing in probably different. 

You will need to find someone who would rather go back to Costa Rica again and again, like having a second home there, rather than traveling to different parts of the world.  

There are about 200 TDR programs across the US, and every one is different. 

I shopped across 15 different institutions for my personal HELOC and they seemed to have the best terms out there.