The plan is to transition into a new home in 2025 or 2026 while converting this property into a long-term rental.

You can usually find some events by doing a simple google search.

That is tight leverage for an investment 2nd position loan.A private investor might be willing to do it, it's not going to be cheap at all & will be short-term money & will not be a line of credit to take out at your liking.What is your rate on the 1st?

The plan is to purchase a new home & keep current as a long term rental.

Will you use the HELOC as a short-term bridge, or plan to hold it longer?

Mean while i would be building equity, and if rates do lower, or when the term ends, could refi for better rates and then maybe cash flow.My questions are:Is this too naively optimistic?

I own a single-family home right outside the USMC Camp Pendleton base, and I’m looking to explore the mid-term rental niche.

They are sure to move on at the end of their lease term. 

. $51k is about 17% of the portfolio and gains on the stock holdings are already 100-200% (long-term).

.- Due to my position on the board for the condo association, I am aware of long-term large projects that the association intends to embark on.