Hey Jon would recommend checking out FB groups if you aren't local (looks like you're based in the Bay).

I plan to use a HELOC but would be interested in the thoughts of others in BPs on this approach or recommendations if there are other ways to financing that I should consider.

BP is full of great content, so I strongly recommend you to have a look at the following resources: 1.

It has cost many people including myself a lot of unnecessary money and still is because you deal with the tax portion of opening unnecessary LLCs recommended by supposed professionals. 

Depending on how risk adverse you are, going out of state can make sense, but I always recommend investing in your backyard (or at least being driving distance). 

If you're concerned about whether the rates match what was rented, we recommend asking your property management company if they can provide access to the booking details.

@Felicia JenkinsI recommend going with a long term rental.

That’s a great move—starting early with analyzing deals will put you in a strong position when you're ready to buy.Since you're open to other markets in the Southeast, I’d definitely recommend taking a look at Chattanooga.

If anyone has any recommendations on networks or networking tools, it would be greatly appreciated. 

@Daniel Ruby I have several that I can recommend.