If both the criteria make sense, I am looking at the property in person and planning to make an offer if within my budget.

Mark, thanks for offering to share your pitchbook.

Investing outside of real estate: What other investment opportunities (stocks, REITs, or businesses) might make more sense in such a market?

Generally ive offered equity or debt on deals but never on the operations.

We would prefer medium term so that we can still use the property and also would love to offer our place to those who are temporarily displaced due to the storm.We also are considering a switch to LTR, we already have one of those and know what to expect with that. 

You could look for a PML (friends or family and offer to pay them interest but lower than what the HELOC is). 

With high property prices that is not easy to do and also be able to offer housing to anyone at any great discount.

Quote from @Ryan Smith: Hi everyone,With what's happening in the stock and securities market, now is the best time for many passive investors. 

When I moved the properties to an LLC, USAA informed me that they did not offer commercial insurance, so I had to move to another insurer. 

Investor, I can offer X, Y and Z (or just Z) ...