My goal is to live in the home during the winters, maybe 3-4 additional weeks for vacation, then rent it out to help cover the mortgage the rest of the year.  

Rent-a-plans?

Investors obviously want their properties rented with no issues but they also want to be in the know and have a good line of communication when things come up.

Like Broken Bow Lake in OK that are value-priced and ready to be rented. 

Be sure to follow all formalities, such as sending via certified mail if required.Transfer Rent Payments: Notify tenants in writing that rent payments should be made to the new property management company moving forward.

Is my only option a HELOC and can I even get one on this property thats rented.

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

I like that it’s an all-in-one platform for tenant applications, rent collection, and maintenance requests, which helps keep everything organized.

If they are not paying rent then go through the eviction process as normal.

My aunt wants to do 50/50 on everything including rent.