I'm looking for an exit strategy , if I did decide to use my heloc to purchase the property cash any thoughts or suggestion on an exit strategy. or maybe something you did, My long term goal is always cash flow.

Rent 1900 (appraisal came back 1975) 500 taxes and insurance (high deductible insurance to keep costs down) 25% assumed expense ratio for maintenance, vacancy and cap ex. 

I've explored various avenues of real estate investing, yet I've consistently found myself drawn to the BRRRR strategy and house hacking.

The listing agent told us that if insurance offers them enough money they will leave the house as is, instead of repairing the damage. 

Your ability to execute on a good strategy and be a good host is more important than the market that you choose.

what is the long term debt strategy?

One owner is looking to exit to middle to high sevens on yield on cost.Cap exits are high 5’s, low 6’s for some Class A product.Turnover cost projections should escalate: $500 first year, $850 second year, $1000 third year.Consolidation and density of BFR assets can be an issue for insurance companies.

The other is insurance.

That said, we're not overly familiar with this market, where to look, or what sort of funds would be required to allow a rental to work.Again, some sort of house hack and MTR strategy would be great but open to suggestions.

Insurance went from $2000 to almost $4000.