Depends ona  few factors mot importantly is whether or not its vacant.

Eventually, if you are trying to get hard money or a credit line, this becomes much more of a factor.

I've been leaning towards a condo as I feel it would be way less maintenance and just less of a headache being this far away, as well as cash flow being my main goal!

Also many times it seems that a later HELOC is from the same deed holder or there is a 3%loan recorded on the same date as the 'main' loan from the same lender.

Box; rent can only be paid by deposit.For your convenience, the nearest location to your home is 123 Main Street, City, or you can execute a bank-to-bank transfer using the routing number provided.If you have any questions, concerns or maintenance issues, you may call or text my cell phone at <Google voicemail>, or you may email me at the address listed at the top of this notice.Please don’t hesitate to contact me with any questions about this transition or any other pertinent issue.Sincerely,<you, the PM>

Rates are definitely not "one size fits all," and will depend on credit, loan size, property type, occupancy, and any other special factors that may apply to your scenario.  

However, if you read them and if it covers your main concerns, it should be fine.

One of the main requirements of a HELOC is you need to own the house. 

Going over this topic with our real estate clients, the two main things that stand out is how favorable this is and when you look at the zoning maps, how many zones there are.

I'm really just hoping the garage and driveway isn't the deciding factor here.