Investing this amount in passive deals might not provide immediate income, and you could end up waiting years to see returns (similar case in most investments.) 

I personally benefited from this when I first started and now provide my signature to partnerships I am not as actively involved with.

Our job is to provide you assistance. 

Private money lenders or construction loan specialists, on the other hand, are faster and more flexible, though their rates and terms will likely be less favorableFor a more rural area, local banks will almost certainly understand the market better, but connecting with private lenders who specialize in spec homes could provide more agility.

We even did a mid-year check in meeting in person but felt like he did not provide us any guidance.

(So therefore we wouldn’t have to pass on the cost of the repair to him ie. the tenant).Now, several months later, I contacted the contractor to ask if he would be to provide a price estimate for a different job at our house.

So that the tenant rent is providing a larger amount of return of capital. 

That is often a matter of opinion and will depend on the attitude of your municipality.Most municipalities do not require neighborhood approval, but will offer the public opportunities to provide input which will be considered.

Any lender should be able to easily do a HELOC for you (provided your credit is OK), but a local credit union will likely give you the best deal. 

I have noticed competitors charge as low as 10 to 15% but their quality isn't the best and then I have seen others charge 25 to 30% We remain in the middle and provide a small business experience with super host status.