Do you think that sounds like a good plan? 

I think property managers can.

Or if the sponsor of your investment is doing a good job they should have answered all questions you could think of before you even have to ask.Check out my reply on page 1 of this forum thread:https://www.biggerpockets.com/forums/960/topics/1185204-ashc...I have a few questions listed there that you should ask.

I think it would be better just to stay on good terms and let him know you will contact him when you are ready to sell.

I don't think I'm ready for our of state investments but who knows!

I think other people seeing makes me feel accountable to post along with having it written out.

I am actually open to hear about other areas in the states, but the general direction is Jacksonville at the moment.I totally agree about the partnership part.That is why I am working with one :) Are you thinking of buying in Jacksonville as well?

I think it is pretty rare that people getting free space rent actually work enough to earn it. 

What do you guys think about this strategy of opening up a HELOC in hopes of freeing up some of my other capital.  

FHA gets a bad rap because sellers and many agents think it's only for people who don't have the money so if I had 20 percent, but wanted to use FHA, I would present a proof of funds with my offer showing I have more money, but am using the FHA as a financial option so I can get an investment property as well somewhere else.