What if they let the employee go or he or she decides to quit? 

The best way to do it is if you can manage to live in the home for (6) months you can refinance it into an investment property if the LTV is at least 85%.

You can do this manually or through management software like TenantCloud and others.

Here are three that I like:CallboxOverview: Callbox specializes in B2B lead generation and appointment setting services.Strengths: Offers robust KPI tracking, multi-channel marketing, and high-quality lead generation.Technology: Uses proprietary CRM and lead management tools to track and optimize KPIs.SalesRoadsOverview: A B2B appointment setting and lead generation company that focuses on quality.Strengths: Known for high-quality leads, detailed reporting, and KPI tracking.Technology: Provides detailed metrics and performance analytics to clients.CIENCE TechnologiesOverview: Specializes in lead generation, appointment setting, and data enrichment.Strengths: Strong emphasis on data-driven approaches and KPI measurement.Technology: Uses advanced analytics to track lead quality and performance.Here is some information to consider when you make your decision:Reputation and Reviews: Look for companies with positive client testimonials and case studies demonstrating success in your industry.KPI Tracking: Ensure the company has robust systems in place for tracking key performance indicators (KPIs) such as call volume, conversion rates, appointment setting rates, and lead quality.Lead Quality: Evaluate how the company sources and qualifies leads.

Not only did the investment side work out but it was also the first apartment building our property management company has done a full lease up on.

My husband and I decided to invest in real estate together and are very excited for our journey.

You should look into renting the whole place.I am guessing that trying to self manage from a distance is making you nervous?

Property Manager assigned.Moving out of state, not willing to sell the property right now.In addition to renters insurance and landlord insurance, which direction should I go as far as protecting myself?

If you decide the terms for a home equity loan are more favorable compared to the HELOC then it's just a matter of knowing exactly how much you need for closing on a specific property because you don't want to get stuck paying on debt that you aren't planning on using right away.

If you decide to move into that unit once you close though, that's your business.