Columbus is the fastest growing metropolitan area in the midwest with decent cashflow, and appreciation 8% higher than the national average.

Our biggest difference is I have FAITH in small business, and the average "Joe/Jane" that would engage in light speed to any fallout disaster, forge BETTER entities, and come to rescue the market demand for whatever. 

You can drive for an hour at highways speed and still be in the city.  

@Tim Kaminski find owner financing deals, use the money for some down payment and repairs, then refinance it when your credit is up to speed.

The speed on getting another conventional loan is, like some of the other commentators have said, based on your overall DTI and then eventually on conventional caps for investment properties (10 at most). 

Removing tenants - is Ohio considered landlord friendly in terms of speed of removal?

Its not about the speed of the sale, it is about the lower offer they are willing to accept!

Is speed the issue since the title company may take 2 to 4 weeks?

Id have the "garage door guy" that will be replacing it give you a report and estimate.If the thing was old, rusty and pretty beat up already.... then they hit it with their car to speed up its demise by years of lifespan, then I'd prorate the cost to the tenant. 

The HELOC allows you the advantage of speed and ease of closing on the new property.