This is going to do two things to help you in the future to free up your VA entitlement so you can buy another home 100%. 

I was talking to a RE friend.He said it's a bad time to buy* rates are high* homes are expensive in most marketsLooking to hear some counterpoints. 

I plan to own a real estate business and start flipping homes.

However, let’s go with the scenario that you rent and HELOC the Las Cruces home.  

I work with lots of agents and my team manages 350ish homes in the greater CLT market.

Yeah, when all of these eventually blow up and a bunch of consumers have their credit and finances wrecked and lose homes, my guess is that more regulation will come down to effectively ban Subto for residential mortgages

If they are not aligned then simply keep looking till you find one that is.I would look up NARPM and start with them..Below are some questions I would think would be a good starting point for you to see who really treats their company like a business or a hobby.My business partner is a regional VP for NARPM and I am happy to help if you need anything please reach outQuestions to Ask prospective management companiesWhat are your average days on market for vacant homes?

I want to refurbish the entire house, including a complete kitchen and baths renovation, add an addition on the east side, new roof and siding, new flooring everywhere, paint inside and out"Then ask the GC to go over and put this into a more formal document.

Do you mean Home Equity Loan?

@Jesse Strengunfortunately I’m not familiar with property managers in that location what I would suggest is I would look up NARPM and start with them..Below are some questions I would think would be a good starting point for you to see who really treats their company like a business or a hobby.My business partner is a regional VP for NARPM and I am happy to help if you need anything please reach outQuestions to Ask prospective management companies* What are your average days on market for vacant homes?