I'm going to follow this to see what tips folks provide.MikeHey Mike, I am actively investing there so feel free to reach out with any questions!   

You will find some of the people you market to (friends,family, former job associates,etc.) will say ( I am an agent, I used to be an agent, I already know someone I use who is an agent,etc.)This is one of the toughest professions in the world.

What factors should I consider when making this decision?

I'm looking for a new source of investors who are in the business of funding these deals.  

In addition to the interest of the loan, you'd also be paying this as well. 

You will then use the K-1 generated to prepare your tax return. 

I recommend you hire an attorney for this until you know the process well enough to do it alone.

This would also prevent me from using the HELOC for a different type of investment like BRRRR or fix and flip.

The best defense against rats entering your property is to seal off all entry points (holes, cracks in walls), remove food sources (dirty dishes, food left in trash cans), and water sources (like leaks). 

If they are professional, they can explain this quickly and easily.