We plan on using this house as a rental, so have a flexibility on time to get the title straightened.

The HELOC has opened up a ton of opportunity for me, and it's much more flexible than a refi or a second loan.Good luck!

In order to set one up you need to be self-employed or own a small business without full time employees other than your spouse.If you qualify for it then this is really great tool which can give you great flexibility when it comes to investing in addition to being awesome tax-sheltering vehicle. 

My partner and I each attended real estate school and passed our AZ tests, however we decided only one of us would hang a license, granting us both MLS access (very beneficial for comps) as well as some flexibility in terms of DNC lists.

Can you list the towns that are more flexible?

What are the nominal rental rates by size of unit, in which size are there vacancies, are some of the units flexible so you could convert them into different size units based on your market researchwhat is the market rental rate by size of unit.Are there any future zoning regulations that would make the property have to be re-done for visual appeal, costing you a lot of money?

My schedule is super flexible the week of the 12th and the week of the 19th but do you all want to stick with our typical group meeting time on the 19th (3rd Monday) at 7pm? 

Really flexible and they will do it at your house.

That gives you the flexibility you need to not have to sell them when you want to pass the management torch to a professional manager. real world numbers: I see about $347 in monthly cashflow after PM fee and 8% vacancy and about 11.% CoC. all I did was subtract 8% vacancy and subtract 10% management fee in expenses.

Turnover is likely to be greater.Many perceive property owners who self manage their property to be more flexible, more approachable, and more personable.