The call will feel better.

I wasn't able to make it to BPCon in Mexico, but don't want to wait another year to connect with you fabulous people. Share your next-best value-add REI cons upcoming in then next 6 months  (please!). ------ GO!!!

It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.

Let the community know and get some feedback on how to cure the roadblock.

Congrats - are you putting zero debt on the property? 

You have come to the right place to begin your investing journey.Have you looked into attending local meetings and joining Facebook groups?

If so, do I need to wait a full year to apply the CapEx rent increase?

Quote from @Karl Kauper: The tenant should figure his own life out.

Quote from @Jimmy Wellman: I've looked online for some information about the average % of the final home price vs. the price you purchase the home for and found that the home should be purchased for 70% of your home's final sale price. 

What you see has already been passed over by all of the experienced investors.