If you're investing out-of-state, you're really going to want the buying power and reserve cushion that 100K gives you.

I would consider it, but living and knowing the Memphis market, the purchase location plays a big part.I see that this was posted in 2010, so I am assuming you have had many replies and probably don't have the property any longer.Tommy DouglasTDHomes4U LLC

The power dynamic between GP and LP is out of control.

One tool I already have is PropStream, which I know can be incredibly powerful.

A HELOC gives you flexibility since you can draw as needed and only pay interest on the amount you use, which might be useful if you’re not sure exactly how much you’ll need upfront.That said, it’s important to compare the interest rates between a HELOC and your expected returns in the stock market—if you’re making more in your investments than you’d pay in interest, it could be a good play. 

Play the long game and focus on rent and home price appreciation.

As for the owner portal, it works but I really haven't played with it too much from an owner's standpoint, so I'm not as familiar with what all it does and doesn't provide as I should be.

Quote from @Randy Achi: This is where a mentor would come into play big for you!

I knew it was a long term play as well, and wasn't looking for something immediate with them.

Again several factors at play but just providing information based on your criteria.