Im not expert but Ive took out a heloc and dragged on going on my advise and it suckedHi @Mario Morales, There are 2 things I would pay attention to in the scenario you describe. (1) Most cash out loans are limited to 75% -80% LTV meaning you wouldn't be able to get all of your cash back out. (2) The interest rates I see in the market are closer than what you've listed.

I'm starting a property management company and I'm curious to know how people have marketed themselves online.

So the risk is lower, as long as the market doesn't drop 20% and stay that low for the next 3 years. 

I'm actively seeking mentorship from someone with experience in similar markets who can shed more light on this process.

However my market is currently Arizona.

The best way to connect and learn is to be in rooms where it's going down.In terms of captial your best bet is to focus on a primary income that cash flow sufficiently, saving as much as you can and doing something real estate related so you can get familiar with the industry.

If things go sideways, you discovery greater rehab expenses, the market takes a turn for the worse, you can get in the red quickly. 

They would likely be able to confirm that your expenses are reasonable for the area or that your rents are at market rates.

Coaching or mentorship in real estate investing can allow you to collapse time and "skip to the front of the line" by leveraging the experience and knowledge of those who have already achieved success in the industry.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)