They are currently on a month-to-month lease but would like to let them know asap to make the transition as easy as possible on them.

The past month I have noticed more activity.

You may even be able to get one at 0% interest for 12 months!

I mean after 9 months of living there can I have some one manage it for LTR or seasonal rental?

Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.

We told the property manager about this 6 months ago and  she addressed it with the Tenant. 

After spending less than $5000 for repairs (this was 44 years ago) I leased it out to an auto repair shop owner for $3,000 per month.  

Then the 1st month you feed the negative cash flow, same with 2nd.  

Always have to think worse case scenario $500 a month is about 6k a year in cash flow.

The first couple months of the year has typically been a little slower.