I intend to put my personal residence on the market, and the HELOC would allow me to make some carefully selected repairs/improvements to get a quick sale at a favorable price.  

The lenders wants the seller to put into an escrow account 12 months of rent and a guarantee that the seller will pay the lease improvement and the lease commissions.  

A Flipper aka house flipper, is an individual whose niche in REI is acquiring property of his/her desire with the intent of not occupying the property, rather creating equity/value in the property, subsequently selling the improved property for material gain; i.e. selling the property for more than it cost to acquire said property + improvement, thus creating profit upon sale of said property.

Tranportation imporvements, Vacancy rates, unemployment, average household income, growth rate of population, available rental stock, infrastructure improvements, large employers moving in.

My current plan is to exit active and go back to school while working for my cousin who is a contractor so I can learn about improving homes.

Anyone else have experience using lightstream for a home improvement loan.

I really recommend improving your credit if you can help it.

Anything I can do to improve my plan? 

This is a ridiculous set up for a bathroom, but I don't have a huge budget to improve this but I know its not something the tenant is going to want to deal with.

i wouldnt sell a 1F or 2F to buy another of the same- unless it was to cash in on improvements made and/or reduce investment/risk in any 1 property/county - especially with impending socioeconomic collapse at least in usa