It's in a B-class neighborhood that's about 20 min outside of the city center (in more of a suburban neighborhood).All of the units are 1/1s though.

For larger projects, in the many dozens of units/lots range, the builders use financial models to determine land value. 

HELOCs are not typically for rental units. 

How long did it take for you to identify your first STR investment or did you convert an existing rental or unit? 

There is an HOA for the association for a total of 10 units.

Anyways, it's being put in 193 units so it's got to hold up.

Mohamed,If you are looking to buy an investment property single family or a 2-4 unit multifamily you do not need a financial advisor.

1 - yes there is a lot of demand for solid rental units in that area.

Most properties take a few years to appreciate and cash flow well.Replacing a $60,000 annual salary would require around 50 rental units, assuming $200/month net cash flow per unit after all expenses if self-managing.

Would love to start masterminding with any experience level, I would just ask that you own or are in contract for at least one STR.