Just today they found the body of an Omni Hotel worker who stayed to help guests evacuate and she was trapped in the flood waters and drowned.

As I said the risk is that you can't get the HELOC afterwards and now your money is trapped in the property.

Don't fall in to the analysis paralysis trap.

IN SECTION 13-3N-2W.For reference, here's a previous deed for the property.

Modular" can also mean a home stick-built in a factory in sections ("modules").

We all have to go to work to pay off our debts, and that enslaves us to our jobs and traps us in the rat race.  

Apartments/multi-family sometime have state requirements that can put the requirement for insect treatment on the landlord.

the analysis wouldn't change between how long you hold it, only the actual amount of $ in your pocket which isn't necessarily guaranteed (your hvac could last 50+ years by some miricle)i do agree that equity trapped in a house is dead equity (cause your CoC return each year would go down if it was 100% owner occupy, but it wouldn't change at all if it was 100% tenant occupied). 

Many bigger investors have fallen for the same "trap" in hot markets (read up on Stanley Druckenmiller during the 90's tech boom). 

Insulation and vapor barriers do not draw any moisture out but they trap the moisture that is inevitably going to be there in.