Also, what about internet, trash and security?

I would strongly encourage getting one with good internet, as a bunch of the tech crowd from Atlanta will rent it out in order to work remote.

A Heloc is loan that can become a sore thumb if not used correctly and can hurt the property it's on and the users credit.If you are going to use the funds for a down payment then a Cash out refinance is what you want to do to get the cash in hand. 

Not an attorney, nor a CPA, and I don't play one on the internet, BUT, things to consider if you would want to run revenue through your LLC...The LLC would need to be tied to the property in some way, either as the owner or manager.

Weekly rent averages about $ 175 per week and I provide internet, utilities and a coin-op laundry. 

Internet has been down in many areas and cell service is spotty. 

Some of them will user Matterhorn software and charge a LOT, but some use other cheaper software.How much research have you done on your local competition?

I've seen some simple templates circulating the internet and this is nothing alike.

In the spirit of "I've finally resigned myself to the fact that AppFolio has me by the balls and I'm trying to do everything that we can directly in AppFolio" I'm embarking on a journey to set up inventory management ...

@Shawn McMahon I will echo that getting connected with a good real estate broker will make things easier, but meanwhile the Redfin.com app gives you the next best access to MLS listings, and is a little more user friendly than the MLS Portal.