Specially with a new Covid 19 strain found in the UK.

Even though her credit report might not show the HELOC, the default could lead to financial strain or a decrease in the joint asset's value.In sum, while the wife may not have direct liability on the loan, her financial interests and credit situation could still be affected by her husband's actions regarding the HELOC.

However; investors also bear a responsibility to sufficiently investigate the contemplated investment, to assess whether the investment is appropriate for them, and to know or learn enough about personal finance to evaluate whether or not they are able to sustain a loss without undo strain.  

If you can’t secure a tenant quickly, selling might be a safer option to avoid further financial strain.

What about keeping it way it is and hiring a PM.I would either option A or option C and lean toward option C, while take tax hit etc. and others its done and do not need the mental strain

If you do, then I’d try tightening living expenses to buy some time.

Find a side hustle, tighten the belts, do anything you can to build up the savings. 

I genuinely believe that creative finance can be a game-changer, especially in this current market where traditional lending is tightening up.Looking forward to connecting and learning from everyone here as well.Joe

Quote from @Audrey Scott: My professional advice is to develop a clear repayment strategy to ensure timely payments and avoid potential financial strain. 

Things have tightened up everywhere so it's not as it was in the day, but without question, many people became wealthy on both sides with an off-market approach.