If it did flood though, I personally would steer clear.

When the deadline approaches you need a person to push it through in time. 

I am the only person that will be able to update you in this matter.

Is your goal to use being an agent for your own personal investments or actively try and grow your agent business to eventually leave your W2?

Personally I like the Section 8 program when the property is located in a super poor area with a ton of blight and crime.

I want to exit as I don't get any personal use from the STR being 20 mins from home and would rather apply the capital to another opportunity in multifamily (LTR) or another STR in Hawaii where my brother is a broker and now manages STRs.

.: I would go HELOC for sure that would be best as others were saying the lower cost for the money changes between paying a higher rate for a personal line and typically personal lines they want a higher monthly charge as well independent from the interest rate.  

Hey Makani, you should check out DSCR loans, which are primarily for investment properties and focus on the property’s income potential rather than your personal income.

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

If you wanted to fund a portion of the down payment would you suggest a hard money lender, personal loan, etc.?