Hey Sam,Congratulations, hopefully you can work something out.My recommendation would be working with a lender that is comfortable with seller financing and keep your cash to close at a minimum.

I recommend logging your hours with an app called REPSLog and exporting it at the end of the year.Personally I found it easier than using a spreadsheet.

@Carl RowlesI recommend a HELOC or Heloan on your primary residence or the rental if you have enough equity in either.

I would recommend shopping around, especially with a local mortgage broker.

At appraisal it was worth $500K and it is in a neighborhood where homes that are on a third the size of the lot are going for $800K.What's the best way to get a loan, about $150K, to rehab his house and get it ready to sell. as mentioned, I recommend getting a loan to rehab the property.

We recommend RentRedi for tenant and lease management. 

Are there any markets you would recommend for long distance investing?

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.

They also handle legal matters, like making sure the property follows the rules or dealing with evictions if necessary.For finding deals, I recommend starting by connecting with investor-friendly agents in your target market.

I would also recommend seeing if there are any local realtors that you could do an internship with in your area?