If the HELOC is being used to remodel or update the townhome I'd question why. 

Make sure to keep potential investors updated on your progress and how you're addressing any feedback or concerns they've raised.Your plan looks solid, and it seems like you are on the right track.

I'd replace it and back on market with an updated listing ASAP. 

Expenses are also way lower if you just renovated a property vs a property that has not been updated.

Updated and furnished the basement and back patio to allow for a STR

And the most updated numbers from last week show the trend continues.

These are the cities if one wants to do land acquisition based on data center/AI conviction:Northern VirginiaLargest data center market in the world with over 300 data centers and nearly 4,000 MW of powerDense fiber connectivity and proximity to subsea cablesRelatively low risk of natural disastersCompetitive electricity rates and tax incentivesDallas, TexasThird largest data center market in the U.S. with over 150 data centersCentral location with excellent connectivityLow electricity rates and ample available landMinimal risk of natural disastersSilicon Valley, CaliforniaHub of tech innovation with nearly 160 data centersRobust fiber connectivity and proximity to leading tech companiesHigh electricity and real estate costs, but still in high demandChicago, IllinoisOver 110 data centers with 805 MW of powerCentral location serving as connectivity gateway between coastsReliable, mostly underground power gridLower cost of living than coastal citiesPhoenix, ArizonaRapidly growing market with over 100 data centers and 1,380 MW of powerAffordable power and real estate costsRobust connectivity and minimal natural disaster riskAccess to renewable energy sources

Any update on this?

You may be able to use the downpayment for a fix and flip loan if you are buying a property that needs updating and renovation, and then you would be able to refinance it into a DSCR.

When looking for a PM, consider these criteria:1) the experience and credentials of the broker who supervises the company as well as the lead property manager2) the services they offer and how they line up with your needs and expectations3) the use of technology to make their job and yours easier 4) if they have a landlord-tenant attorney on retainer to help guide them on legal issues (not to mention the creation of lease agreement, landlord forms and notices, etc.)5) their process and policy for a) listing, b) application, c) tenant selection, d) routine inspections, e) maintenance services, f) property and tenancy update reports to you, g) lease enforcement policy, and f) move-out process.6) property owner reviews (caution: you can't always rely on Google reviews, because they may not reflect actual quality of the company, but still) 7) beneficial programs for both owner and tenant 8) a property management agreement that would indicate they know what they're doing and have the experience to know what matters in a PMA.