In our experience, things move in ebbs and flows and the speed of rental depends on your asking rents relative to competition.For example, there was a period of several months at one of our properties when a 3 or 4 BR unit came on the market it rented almost instantly. 

I do relatively well in my day job by today's standards but my hourly rate for self managing is closer to that of a surgeon. 

The house was spacious enough for her, but not for accommodating other relatives who might want to live with her.

Especially related to Vacasa, Evolve, some of the other big name managers.

With that information, your accountant can determine the amount of bonus depreciation your property is eligible for in relation to the new improvements.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

We would need to go into a very deep, very bad recession that is housing related for that to happen however so I would not hope for that. 

A HELOC should be reported on your credit profile as real-estate related.

OP it’s a Relative question for me.  

It helps to try to build rapport with them to show them you're serious, which you may want to work on since you're relatively young and inexperienced.